Stanlib Kenya Seeks Up to $120 Million in IPO of Property Trust

  • REIT will be first to be traded on Nairobi's exchange
  • Regulator says Stanlib offer deepens Kenyan capital markets

Stanlib Kenya Ltd. aims to raise as much as 12.5 billion shillings ($120 million) on the Nairobi Securities Exchange in an initial public offering of a real estate investment trust, the first of its kind to be traded on the domestic market.

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