Dangote plans to sell at least 30% more shares after IPO rush
BusinessDay reports strong investor demand for the IPO, while one user asks whether people would borrow to buy shares, using them as collateral.
TLDR
BusinessDay reports that Aliko Dangote plans to sell at least 30% more of his shares after investors rushed for the IPO. The publisher also reports that the naira traded largely flat against the dollar in the official foreign exchange market after JPMorgan added Nigeria’s bonds to an index. Separately, a user asks whether people would be interested in taking a loan to buy into the Dangote IPO, using the shares as collateral.
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