Quickmart founders miss out on extra shares in oversubscribed IPO
Full story
Five founders of Quickmart applied for additional shares worth 890 million shillings during the supermarket chain's IPO. They received no allocation of these shares. This happened because the demand for the shares exceeded the available supply.
Five Quickmart founders applied for Sh890 million of additional shares in the supermarket chain’s IPO but received no allocation after demand outstripped supply.