12–24 months
IPO / Public Listing
The company lists on a stock exchange (NSE, regional cross-listing) and sells shares to the public.
When it fits
Largest SMEs at the top end of the market, with audited multi-year financials and strong governance.
African & East African context
Aspirational exit. Heavy regulatory and compliance load; CMA approval, NSE listing rules, and ongoing disclosure.
Cap table impact
Existing holders diluted by primary issue; secondary offers create partial exits.