[kictanet] Morgan Stanley casts shadow over Safaricom

[Mike Theuri]

http://www.bdafrica.com/index.php?option=com_content&task=view&id=8847&Itemid=5812

"We are just seeing a constant supply of shares which has really dampened
the market price, we suspect there are some foreign investors who are
exiting the market in a big way," said a top stockbroker who did not want to
be named.

Fingers are now pointing to the foreign investors pool that benefited from a
special reservation of two billion shares, especially after news emerged
that Morgan Stanley Investment Bank, the IPO joint lead transaction advisors
who were in charge of setting the IPO price in the international pool and
allotting shares to all international applicants took up close to half of
the shares that were reserved for foreign investors.

<http://www.bdafrica.com/index.php?option=com_content&task=view&id=8847&Itemid=5812>
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