The Dangote Refinery's IPO: A Deal for the People or a Private Bonanza?
The recent launch of Africa's largest initial public offering (IPO) by Nigerian oil refinery, led by Africa's richest man Aliko Dangote, has set tongues wagging across the continent. Dubbed "the people's IPO," this $1.
6 billion fundraising drive aims to make retail investors across Africa owners of a 10 share bundle in the sprawling Lagos based refinery for a mere 5,250 naira ($4).