Kenya Pipeline Company’s long-awaited Initial Public Offering (IPO) will now remain open for three more working days.
The move is to allow retail investors extra time to take part in one of the country’s most closely watched public offers.
The Privatization Authority announced that the IPO, which had been set to close on February 19, 2026 at 5 p.m., will now close on Tuesday, February 24, 2026 at 5 p.m.
“All other terms of the offer remain unchanged,” said the authority in a statement.
Interestingly, the original closing date fell on the same day the Nairobi Securities Exchange’s benchmark index, the Nairobi All Share Index (NASI), dipped by 1.5 percent.
According to the Privatization Authority, the extension follows feedback from members of the public and stakeholders who requested more time to participate.
The IPO was initiated by the Treasury as it plans to widen share ownership among Kenyans and deepen the country’s capital markets.
“Additional time is meant to encourage broader participation and allow investors to make informed decisions. She noted that the move aligns with the government’s commitment to inclusivity and transparency in the privatization process,” said Privatization Authority Managing Director Dr. Jane Omondi.
Also Read: How Market is Lookinig at KPC IPO Ends
Investors who have already submitted valid applications do not need to take any further action.
New applications can still be made through stockbrokers, investment banks, authorized selling agents, selected banks, or via the KPC IPO online portal.
After the offer closes on February 24, share allocation will be conducted on March 4, 2026. Refunds for unsuccessful applicants and crediting of CDS accounts are expected by March 6, 2026. The shares are scheduled to begin trading on March 9, 2026 at the NSE.
The IPO offers retail investors, institutional investors, KPC employees, oil marketing companies, East African Community citizens and international investors an opportunity to own a stake in the Kenya Pipeline Company, one of the country’s most valued infrastructure firms.
KPC operates 1,342 kilometres of pipeline and storage infrastructure across Kenya and plays a central role in transporting and storing petroleum products within the country and across the East African region.
