The Dangote Refinery IPO aims to be Africa's largest ever, listing across the Nigerian Exchange and up to five other African bourses in a $5 billion sale.
NIGERIA · MARKETS
Key Facts
—The plan: Aliko Dangote intends to float his oil refinery through a pan-African share sale, in what advisers say would be the largest IPO in the continent’s history.
—The size: The offer aims to raise up to about $5 billion by selling roughly 10% of the company.
—The reach: A primary listing is planned on the Nigerian Exchange, with secondary listings on up to five other African bourses in South Africa, Kenya, Ghana, Ethiopia and West Africa’s regional exchange.
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