This is it: British American IPO headed for full subscription as the offer closes today at 3pm

Today, I will just cut to the chase. I want you to have more time to rush to your stockbroker and buy shares.

Stockbrokers have reported a massive dash for the British American IPO as east Africans try to beat the deadline .  The British American Investment Company IPO comes to a close at 3pm today. That gives you like eight hours. Don’t wait for 2:55 to start rushing there.

Hurry because reports reaching us indicate the IPO has already reached 50% subscription and many of the brokers expressed optimism that the offer would be subscribed. Even an article in the Business Daily seems to confirm this.

Internationally, investors in London and South Africa have been gobbling up the offer and according to Mr Benson Wairegi, the company’s CEO, they are going to take up all allocated shares. Regionally Uganda is also upping intake as the people who gave us the ‘ full, fulluu condition video” and a rapping president now own a piece of  British American.

The IPO which was launched on July 12th is targeting to raise Ksh. 5.8 billion to drive the company’s expansion plans.

“We are confident of a  full subscription, given our track record of profitability, good management and expansion strategy,” said Mr Wairegi.

Bwana, a share is going for KSh9 and the minimum is 2,000. Close this page and run to your stockbroker. With this chilly weather, the exercise will also keep you warm.


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