Dangote Refinery IPO Update

The Dangote Refinery private placement wraps up today.

3 billion shares at $0.35 each (roughly ₦480 per share). This is the same investment round that had major investors competing for access — with Otedola reportedly seeking up to $100 million worth.

The IPO many investors are anticipating is expected in September. But this is the opportunity that comes before it.

And unlike the usual exclusive deals kept behind closed doors, this one was publicly accessible.

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