Articles tagged with: Maroc Telecom and Vodafone Group

Safaricom Shares Surge As Trading Starts in Nairobi

Shares in the massively oversubscribed Safaricom floatation soared when trading opened this morning on the Nairobi Stock Exchange. Share were sold to domestic investors at 5 shillings each (with 5.5 shillings for overseas investors) and jumped by 45 percent to reach 7.4 shillings by lunchtime - having at one point reached 8 shillings during the mornings trade.  more

Related Tags: ipo, safaricom, vodafone-kenya, Kenya

Safaricom Floatation Massively Oversubscribed

Preliminary figures from the sale of shares in Kenya's Safaricom has pulled in some Sh191 billion (US$3.3 billion) in bids from local and international investors - substantially exceeding the expected Sh50 billion (US$845 million) that government had hoped to raise.  more

Related Tags: ipo, safaricom, vodafone-kenya, Kenya