Sterling Capital has valued Quickmart at Sh6.96 per share, which is 7.2 percent below the retailer's initial public offering price of Sh7.50. The offer runs until October 30 and involves the sale of two billion existing shares representing half of Quickmart, by Sokoni Retail Kenya, which is controlled by Adenia. The transaction is expected to raise Sh15 billion for Sokoni Retail Kenya, with Quickmart shares due to list on the Nairobi Securities Exchange on November 12, 2026.
Quickmart reported revenue exceeding Sh50.4 billion in the 2025 financial year, with Sterling Capital noting that its earnings before interest, taxes, depreciation and amortisation margin expanded by 10.1 percent. However, sales growth at existing stores slowed to 5.7 percent in the same period as customer traffic declined, prompting questions about whether the retailer can maintain its expansion plans.