Dangote Refinery IPO Set to Open in Days, Targets About $1.5 Billion Raise

Dangote Refinery is preparing to launch what could become Africa’s biggest initial public offering, with plans to raise about $1.5 billion as the company seeks fresh capital to support a major expansion of its refining capacity. According to Reuters , citing people with direct knowledge of the transaction, the refinery is expected to price the offer at about ₦525 per share , equivalent to roughly $0.40. Reuters also reported that the company plans to sell about 4.1 billion shares , although the