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Corporations can raise their development capital domestically or through cross-borders listing. Literature reveals that cross-listing of shares enhances firm's visibility and value, and lessens information asymmetry. However, there is scanty empirical evidence on how it affects a firm's financial performance. The objective of this study was to examine whether cross-border listing affects firm's financial performance in Eastern Africa. Financial data spanning three years before and after cross-listing was collected from financial statements of three Kenyan firms which have cross-listed their shares in USE, DSE, and RSE between 2001 and 2011. Using financial ratio analysis, liquidity, profitability, gearing and investor ratios were computed three years before and after cross-listing. The results show a low positive financial performance in terms of liquidity upon cross-listing. Market confidence as measured by P/E ratio also improved. This implied that regional cross-listing may increase firm's investor confidence. Although profitability and gearing ratios improved in absolute terms post cross-listing, this improvement was not statistically significant. In fact, the investor ratios like dividend yield reduced, but such reduction was not statistically significant. Overall, the findings provide some evidence that firms may benefit from crosslisting in terms of liquidity and confidence. Our analysis has uncovered no clear evidence of material value creation to shareholders of cross-listed firms, except improved market confidence. Firm managers and securities markets policy makers in EAC should give thorough considerations to these issues as they seek a regional approach to capital raising and stock market development.