Quick Mart's IPO was 23% oversubscribed as investors sought 2.45bn vs 2bn shares; existing holders sold down stakes while cornerstones take 21.6%. A little more than 18,000 retail buyers in Kenya and the wider East African region received full allocations amounting to 119.6 million shares. Separately, 44 foreign investors were awarded about 236 million shares, which the company said was just under half of what they asked for.