The initial buzz around the Kenya Pipeline Company's (KPC) initial public offer has faded, and the stock is now officially trading on the Nairobi Securities Exchange. But behind the scenes, the first IPO in over a decade revealed a changing investor landscape. 

Rina Hicks, Operations Director at Faida Investment Bank, the lead adviser to the KPC offer, joins Make Money to dissect the offering. We explore the signals of retail investor apathy, emerging opportunities in the secondary market and what this means for future deals.