Kenyans invited to buy stake in Quickmart IPO

Kenyans can now buy a stake in supermarket chain Quickmart after the retailer opened its 15-billion-shilling Initial Public Offering today. The company is offering half of its shares to the public at 7 shillings and 50 cents per share, valuing the entire business at 30 billion shillings. Investors will need a minimum of 3,750 shillings to participate in the offer, which runs until October 30th. Quickmart is expected to list on the Nairobi Securities Exchange next month. Here now is Jasmine Wambui with the details.