Nairobi, Nov. 6 -- Quickmart's initial public offering (IPO) has been oversubscribed by Sh3.4 billion, after it received Sh18.4 billion against a targeted Sh15 billion.

This marked a subscription of 122.7 percent, with Quickmart having targeted to raise Sh15 billion from the sale of two billion shares at Sh7.50 each.

Published by HT Digital Content Services with permission from Business Daily....