WIRE — On June 23, 2026, Family Bank plc, an indigenous Kenyan financial institution, listed by introduction on the Nairobi Stock Exchange (NSE), becoming the latest addition to the bourse under the ticker FMLY with 1.66Bn shares. Trading at an introductory price of KSh 18.00 per share, Family Bank's opening market cap topped KSh 29.9Bn. By the close of the first trading session, shares had settled at KSh 26.00, a gain of 44.44% on the introductory price, lifting the bank's market cap to KSh 43.24Bn. The listing is the largest private sector debut on the NSE in over 17 years, surpassing in significance a decade-long drought in which the bourse recorded no meaningful primary listings from homegrown financial institutions.
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