The kengen IPO is the hottest happening to the nse since inception. But a few guys are trying to mess this up, G29.. This is a group of 29 filthy rivch kenyans with political tentacles who were trying to derail this process by using a discalimer ‘bookbuilding’ process, which for one was being illegally carried out and secondly was a plainly unfair.
They were claiming that we kenyans are not interested in the IPo and therefore they were willing to buy the shares as a private palcement to them and other institutions with a like mind (read accomplices).
But one Raila (no political leverage implied) cast a light to this and last week an aaplication for the IPO was sent to the Capital Markets Authority with the damaging clause missing and with only two groups of investors. i.e. Public and Kengen employees.
The drama continues…
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