(Reuters) - Shares of Kenyan Internet service provider AccessKenya rose 40 percent to 14 shillings in the debut of the first Internet company on the Nairobi Stock Exchange, brokers said on Monday.
The company had sold 80 million shares, or a 40 percent stake, at 10 shillings each in an initial public offering to raise 800 million shillings and value the company overall at about 2 billion shillings.
Read more at Reuters Africa
The company had sold 80 million shares, or a 40 percent stake, at 10 shillings each in an initial public offering to raise 800 million shillings and value the company overall at about 2 billion shillings.
Read more at Reuters Africa
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