[2008-08-14]  Co-op Bank sets tentative date for public listing
Kenyans will start applying for Co-operative Bank shares through the Nairobi Stock Exchange on October 20, if the Capital Markets Authority gives a go- ahead for the sale.

The initial public offer (IPO), set to raise Sh10 billion, is expected to be the second largest in Kenya’s history after that of Safaricom which was meant to raise Sh52 billion, but was oversubscribed four times.

Transaction advisers for the IPO will be picked on Friday, paving way for the company to enter into the fast lane of going through other procedures of identifying legal, accounting and public relations consultants.

Source: Businessday