CONSUMER goods maker Flame Tree Group commences trading at the Nairobi Securities Exchange next Thursday, after listing by way of introduction. It has priced the offer at Sh8 per share and will list 161.7 million shares, its entire share capital, valuing the group at about Sh1.29 billion. Flame Tree will be listed on the Growth Market Enterprise Segment of the NSE. The segment has far relaxed listing rules for small and medium enterprises, such as on profit and operations, but has only attracted one listing – Home Afrika Ltd – since its launch in January 2013. The group has just completed a...
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