Nairobi, Dec. 13 -- Investment bank Dyer & Blair and stock brokerage Francis Drummond have been picked to guide Kenya Pipeline Company's initial public offering (IPO) in which the government seeks to raise Sh100 billion by selling a 65 percent stake.

Sources have confirmed the selection of the two market intermediaries to this publication ahead of the expected floating of the State corporation's shares on the Nairobi Securities Exchange (NSE) in the first quarter of 2026.

Dyer & Blair which is affiliated to businessman Jimnah Mbaru has been selected as the lead stockbroker while Francis Drummond has been appointed as the co-sponsoring broker for the IPO.

Read:Why Kenya Pipeline sale has the makings of a landmark IPO

Dyer & Blair has t...