Advisors to earn Sh575m from Quickmart IPO

Advisors and regulators are set to earn a total of 575.5 million shillings in fees from Quickmart’s IPO, marking a significant financial gain from the company going public. The article also notes that Quickmart terminated major contracts with its founders ahead of the IPO, and that Kinuthias increased his stake in the company to Sh9.5 billion. This transaction is a major milestone for the company and its financial stakeholders.