Africa’s biggest IPOs: 5 landmark listings ahead of Dangote’s $5bn refinery float
© Sodiq Adelakun/REUTERS Published on August 21, 2026 at 13:00 pm (GMT +1) Nigeria’s Dangote Refinery has secured a $1bn underwriting programme for its planned stock market listing, and is poised to become Africa’s largest initial public offering (IPO).
The underwriting comprises a fully funded $600m tranche for the refinery’s completed private placement and a further $400m commitment to support the planned IPO, the deal’s co-financial advisers Marob Strategies and Lilium Capital said this week.
The Dangote Refinery in Lekki, Nigeria.
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