Its now official, every IPO in kenya will have more takers than there are shares. even kenya re which had so much mystery has been oversubscribed. but like i thought, the number of shares were few and you saw that coming. in fact the demand was more than that of kengen. its disappointing though that investors may end up with only 100 shares or about 1000 shillings worth of investment meaning they will be refunded at least some 18K shillings! what a waste of time and oportunity!
if this then how about safaricom? how will they ensure that these little money refund headaches dont happen?
elsewhere i discovered that nakumatt actually did their homework about the 24 hour thing. i went to the late night shop to get some light bulbs and to my shock and awe, i found that there was absolutely no parking! even the new pavements that nakumatt constructed the other day were packed with cars and some were on the road. there was no space all the way up to the new westgate. so there are shopers at night as well!