Dangote refinery IPO launches with 4.1 billion shares
Dangote launched an initial public offering of his oil refinery, offering 4.1 billion ordinary shares at 525 naira each, to include retail investors and raise funds for expansion.
Nigerian billionaire Aliko Dangote on Monday launched Africa's largest share sale yet with the initial public offering of his oil refinery, opening ownership of the plant to retail investors and raising money for expansion. 1 billion ordinary shares priced at 525 naira each.