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Dangote Refinery IPO Breaks Records: Why All of Africa Rushed to 'People's IPO' | Firstpost Africa

Firstpost31 Oct 2026

The Dangote refinery mega initial public offering is expected to break all African funding records. The IPO was extended by two weeks, even though reports say that its entire funding target was already achieved through just Nigerian and retail investors. Africa's richest man, Aliko Dangote, billed the share sale as "the People's IPO", and was allowing people to buy as little as 10 shares, for only $4. Firstpost explains what has happened since the IPO finally closed on Tuesday. Alyson Le Grange…