IPO investing in Kenya has created millionaires.
It has also destroyed wealth.
Let’s look at the facts.
Top IPO Performers (Total Return Since Listing)
- Safaricom – +541%
- Co-operative Bank – +201.58%
- Nairobi Securities Exchange (NSE) – +105.26%
These are the stories people love to tell.
Patience rewarded.
Conviction validated.
Wealth created.
But that’s only one side of the story.
Value Erosion (Total Return Since Listing)
- KenGen – –19.66%
- Kenya Re – –66.95%
- Eveready – –86.32%
This is the side no one advertises.
Capital destroyed.
Dreams delayed.
Confidence shaken.
Same market.
Same IPO excitement.
Very different outcomes.
Now pause.
When you see a new IPO being marketed aggressively…
When analysts debate valuation…
When social media is divided…
When FOMO starts creeping in…
Ask yourself:
Are you buying value or hype?
Are you investing or speculating?
Are you patient enough to hold through cycles?
Now tell me…
What do you think the Kenya Pipeline IPO will look like five years from now?
Will it join the 541% club?
Or the –86% club?
Have you already bought KPC IPO through your Ziidi Trader?
Alex Mwangi
WhatsApp: 0703472299
