Kenya's wealthy Kinuthia family sees Quickmart IPO oversubscribed with $142 million in bids
Investors bid Sh18.4 billion for Quickmart's Sh15 billion share sale, securing a $37 million payout for the Kinuthia family that founded the chain.
Quickmart
Kenya's Kinuthia family's supermarket chain Quickmart lines up $55 million before IPO close
Kenya’s Quickmart has lined up $55 million from four cornerstone investors, including the IFC, as the Kinuthia family-backed chain prepares to close its IPO.
Kenyan supermarket chain Quickmart ends founder-linked contracts ahead of $231 million IPO
Quickmart terminated founder-linked consultancy contracts in July after paying hundreds of millions of shillings, disclosures show, as its Nairobi IPO runs to Oct. 30
Kenya’s wealthy Kinuthia family, founders of Quickmart, set for $37 million IPO payday
The Kinuthia family, which built Quickmart from a Nakuru supermarket, stands to collect $37 million as its owners sell half the chain in an IPO.
Kenyan supermarket chain Quickmart is going public and these people will make millions
Sokoni is selling 2 billion Quickmart shares, and the proceeds go to Adenia Partners, the chain's founders and CEO Peter Kang'iri.