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THE STANDARD By
Wainaina Wambu |
January 19th 2021 at 08:30:00 GMT +0300
NSE Chief Executive Geoffrey Odundo. [David Gichuru, Standard]
After four years, Homeboyz Entertainment seems to have ended the listing drought at the Nairobi Securities Exchange (NSE), becoming the first entertainment firm to join the bourse.
The listing by way of introduction came through the Growth Enterprise Market Segment (Gems).
Gems was set up in 2013, targeting small firms, but has since attracted only five such entities whose shares have been on a disappointing run and have largely failed to excite the market.
These are Home Afrika, Flame Tree Group, Kurwitu Ventures, Nairobi Business Ventures (NBV) and Atlas Development.
THE STANDARD By
Sara Okuoro |
December 21st 2020 at 12:55:39 GMT +0300
Mike Rabar, CEO of Homeboyz Entertainment.
Homeboyz Entertainment PLC will today be listed on the Growth Enterprise Market Segment (GEMS) of the Nairobi Securities Exchange (NSE) by Introduction. The Listing of Homeboyz Entertainment Plc will give us the unique opportunity to participate in corporate finance transactions such as mergers and acquisitions as well as allow us access cheap and patient capital through our capital markets,” said Mike Rabar, Chief Executive Officer of Homeboyz Entertainment.
The firm is the first company in the Media and Entertainment Sector to be listed on the GEMS segment of the NSE.