Homeboyz Entertainment Plc has now officially been listed at the Nairobi Securities Exchange (NSE). 

The entertainment outfit listed its shares at the NSE on Monday two months after its founder Mike Rabar announced the major plan. 

Homeboyz debuted at the stock market and listed 63.2 million shares to become the first entertainment firm in Kenya to enter the stock market.

Mike Rabar with 36.5 million shares, Rose Rabar with 27.6 million shares and John Rabar with 20,000 shares are listed as directors.

At the launch of the Building Bridges Initiative (BBI) on October 26, Rabar made public plans by the respected company to list on the NSE.

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Rabar started the firm from his South B estate bedroom back when he was in university and sold music cassettes to colleagues and matatus.

He said Homeboyz now boasts of more than 200 staff and can only aim for higher despite the challenges posed by Covid-19 pandemic.

Rabar believes the NSE listing will see the company enhance its corporate governance and support small businesses and the youth. 

NSE Chief Executive Officer Geoffrey Odundo lauded the Rabars for their bold step and pledged full support from the bourse.

“This listing is a promising development in our country, it gives credence to the commitment that we have towards supporting companies explore the NSE as a venue of raising capital,” Odundo said.