Dangote Refinery reportedly opens ₦2.15 trillion IPO
The reported Nigerian Exchange offering prices 4.1 billion shares at ₦525 each, with a minimum purchase of 10 shares for retail investors.
TLDR
Dangote Petroleum Refinery reportedly opened an IPO on the Nigerian Exchange, targeting ₦2.15 trillion ($1.6 billion). Described as a “people’s IPO,” the offering targets retail and institutional investors, with 4.1 billion shares priced at ₦525 each and a 10-share minimum for retail buyers. Trading could begin in late November.
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