Kenya Pipeline Company Employees Offered 590mn Shares in IPO Listing

Nairobi — The Kenya Pipeline Company (KPC) has reserved 590.6 million shares for its workforce and 1.8 billion shares for Oil Marketing Companies (OMCs) in its Initial Public Offering (IPO), establishing a combined 20 percent allocation for internal stakeholders and key industry partners.

The company’s prospectus confirms that the total public offer comprises 11.8 billion shares, with the employee and OMC tranches representing 5 percent and 15 percent of the aggregate volume, respectively.

The…