| |
| Sameer Africa |
 |
3.8% |
6.80 |
 |
| Crown Berger |
|
3.0% |
25.75 |
|
| Sasini Ltd |
|
2.8% |
7.45 |
|
| Housing Finance |
|
1.5% |
16.45 |
|
| Total Kenya |
|
0.7% |
34.25 |
|
|
|
|
| Car & General |
 |
-9.6% |
40.00 |
|
| TPS Eastern Africa |
|
-7.7% |
60.00 |
|
| Centum Investments |
|
-6.6% |
14.90 |
|
| Safaricom |
|
-4.0% |
3.65 |
|
| East African Cables |
|
-3.7% |
25.75 |
|
|
|
|
The Co-operative Bank of Kenya plans to raise Ksh 6.70 b ($90 m) through an IPO at the Nairobi Stock Exchange in 2008. The offer will see 19.3% of the Bank's share capital up for grabs and the offer ends on Friday 14th November, 2008. The results of the allocation are expected on 15th December, 2008 while the shares will begin trading on 22nd December, 2008 at the NSE. The proceeds from the offer will go toward expanding the 40 year-old bank and diversify its services. The bank's plans follows a successful Ksh 51.75 b ($750 m) IPO of leading mobile phone firm Safaricom (SCOM.) that was hugely oversubscribed.
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