Shoe vendor Nairobi Business Ventures trading as K Shoe today commenced trading on the Nairobi Securities Exchange’s Growth Enterprise Market Segment (Gems).
The company listed by introduction by offering 23.6 million shares at a price of Sh 5 translating to a valuation of Sh 118 million.By market closure, its shares rose by 60.00% to settle at Sh 8.00 on a volume of 1,000 shares.
The company joins HomeAfrica, Kurwitu Ventures, Flame Tree Group and Atlas Development in the SME segment. The exchange also noted that another SME Company is expected to list on the GEMS segment this year.
