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RIBA CAPITAL

  • Permalink for 'RIBA_CAPITAL/2008/05/31/____SAFARICOM_IPO_ALLOCATIONS____'

    ::: SAFARICOM IPO ALLOCATIONS :::

    Posted: May 31st, 2008, 7:53am CDT
    In totality the offer was 532% oversubscribed and for the retail investors we managed to over subscribe our potion and initiate the claw back clause on the foreign investors allocation.

    We offered Kes: 286Bn and the Govt. only wanted Kes: 50Bn

    Here is the percentage we get of our total applications:
    Retail Investors - 21%
    Local Institutional Investors - 31%
    Safaricom Dealers - 31%
    Safaricom Employees - 84%
    Foreign Investors - 15% on pro-rata basis

    More on the standard and the nation.
Read the complete article at RIBA CAPITAL