 11.90 price before rallying to a high of Sh40, representing a massive fourfold jump.The success of the IPO is credited for spurring the current appetite and excitement for investing in Kenya.On 25 April 2007, an intended secondary offer for the shares, in pursuance of the IPO's initial success, was abruptly postponed by former Finance Minister Amos Kimunya attributing the move to the prevailing share price being very low and the bulk tariff conflict between Kengen and KPLC.