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Dangote Refinery's IPO is set to launch in the next 10-12 days, marking a significant event for Nigeria’s stock market. The refinery plans to offer 4.1 billion shares at 525 naira ($0.40) per share, potentially raising about $1.5 billion. A 15% greenshoe option will be available, allowing extra shares to be sold if the IPO is oversubscribed. The IPO has attracted interest from stock exchanges in several African countries, which are discussing ways to give their investors access to the share sale.

Dangote Refinery's IPO is set to launch in the next 10-12 days, marking a significant event for Nigeria’s stock market. The refinery plans to offer 4.1 billion shares at 525 naira ($0.40) per share, potentially raising about $1.5 billion. A 15% greenshoe option will be available, allowing extra shares to be sold if the IPO is oversubscribed. The IPO has attracted interest from stock exchanges in several African countries, which are discussing ways to give their investors access to the share sale.

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