Kenya's Safaricom IPO oversubscribed by 532% - Mobile World Live

Kenya’s Safaricom IPO oversubscribed by 532%

04 NOV 2009

Safaricom’s IPO was oversubscribed by 532 percent, according to the Kenyan government. Foreign investors will receive only 15 percent of the 10 billion shares sold, despite being earlier promised 35 percent.

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