ADVOKS GLOBAL · KENYA
The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
35. Valuation of securities
Edition: 2023-12-15 · In force
35. Valuation of securities
(1)A person who proposes to make a public offer may use a book-building process in accordance with the Sixteenth Schedule to determine the price of the securities.(2)Despite subregulation (1), a person who proposes to make a public offer may also determine the price of the securities in accordance with International Valuation Standards.(3)The issuer shall disclose to the Authority the valuation methodology used to determine the price of securities in a public offer at the time of the application to the Authority to issue the securities.