Dangote refinery launches Africa’s biggest IPO for retail investors
Africa's richest man, Aliko Dangote, has launched a public share offering for his Nigerian oil refinery, which cost $19 billion to build. He is trying to raise $1.6 billion by selling shares to individual investors across Africa. This is the largest share offering of this kind on the continent aimed at regular investors.
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The story so far
2 developments- Sep 11Only lean-left coverage:Dangote Refinery braced for IPO
- Sep 14Dangote refinery launches Africa’s biggest IPO for retail investors
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Quiet for 15 daysLast development · Sep 14 — Dangote refinery launches Africa’s biggest IPO for retail investors
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2 viewpointsNext Africa: IPO Catapults Nigeria’s Dangote Up the Ranks of Ultra-Wealthy
Africa's biggest oil refinery opens to public ownership, sparking excitement among retail investors
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2 viewpointsNigeria's Dangote refinery launches biggest African IPO for retail investors
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1 viewpointOther outlets
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4 articlesNigeria: What's the real motivation behind Dangote's IPO 'for the people?'
Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO
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