Homeboyz Entertainment Lists 63.2 Million Shares by Introduction at NSE

Homeboyz Entertainment Limited admitted onto the NSE Ibuka Program.

Homeboyz Entertainment Limited has listed by introduction on the Growth Enterprise Market Segment of the Nairobi Securities Exchange.

Homeboyz listed 63.2 Million shares and AIB-AXYS and the transaction advisor was AIB Capital Ltd (formerly AIB Capital). Homeboyz entertainment was the tenth company to join the Nairobi Securities Exchange incubation program in May 2019.

“The listing of Homeboyz Entertainment Plc will allow us to create value for ourselves and prospective shareholders,” said Myke Rabar, Chief Executive Officer, Homeboyz Entertainment Plc. 

“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 to access cheap and patient capital through our capital markets,” he added.

GEMS enables venture companies without a profit history as well as small and medium-sized firms to list on the GEMS of the Nairobi Securities Exchange to raise substantial initial and ongoing capital while benefiting from increased profile and liquidity within a regulated environment designed specifically to meet their needs.

Geoffrey Odundo, the NSE Chief Executive said the listing of Homeboyz Entertainment Plc is a promising development in the country.
“It gives credence to our commitment to support companies explore the NSE as an avenue to raise capital & offer investors an opportunity to participate in their growth and development,” said Odundo.
According to the company’s prospectus, the ordinary shares comprise of the total authorised share capital of Ksh 31,600,000. 
Homeboyz Entertainment Plc has seven distinct business segments operating under the Homeboyz Entertainment brand- events management, soundtracks, DJ agency, barrier, stage and generator hire, bleachers, e-commerce products and public relations. The business segments have either been developed from greenfield opportunities by the company over the years or acquired through partnerships.