Oversubscribed by ~674 million shares Tweets from KPC X page: The #KPCIPO opened on 19th January 2026 and closed on 24th February 2026. We offered 11,812,644,350 shares at 9 shillings each. The total number of shares applied for stood at 12,486,78,724, translating to an overall subscription rate of 105.7% #KPCIPOResults #AFutureYouCanShare

KPC
@kenyapipeline
·
7m
7.95B shares (67.32%) have been allocated to Kenyan individual & institutional investors.

#KPCIPOResults
#AFutureYouCanShare

I expect a market correction in the next few weeks, going by past IPOs in Kenya

EDIT: Actually there may not be a very big price correction as this has all the hallmarks of illiquidity:

KPC
@kenyapipeline
Here’s the breakdown of the share allocations:

Government of Kenya – 35%
Institutional Investors – 41%
East African Community – 21.22%
Retail Investors – 2.56%
Foreign Investors – 0.02%
KPC Employees – 0.06%
Oil Marketers – 0.014%

How's the distribution across the sectors?

To all the people celebrating results, please be a little more sophisticated in your analysis. The IPO was largely snubbed by retail and international investors both of whom were initially allocated 20% each.
Institutional investors who were initially allocated 20% now hold 41%. Were they strongly nudged to take up more? Just as Uganda was also cajoled to take up more. I would hesitate to label this a successful IPO.

I would be surprised if that were the case, retail at 2.56% was almost irrelevant to the outcome and they are the ones most likely to sell but as we have seen, never say never

Hehe. A win is a win