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Nigeria’s Dangote refinery aims to draw more retail investors than Aramco IPO, CEO says
Speaking at the Fujairah Energy Markets Forum, Bird said the refinery is targeting 10 million retail investors for its planned initial public offering.
Aliko Dangote, President and Chief Executive Officer of Dangote Group, signs a document during the signing ceremony for the Dangote Refinery initial public offering (IPO) in Lagos Nigeria's Dangote Petroleum Refinery is using Saudi Aramco's blockbuster listing as a benchmark for its own IPO in terms of retail subscribers, Chief Executive David Bird said on Tuesday.
Last month, Nigeria's Dangote Group launched Africa's largest share sale yet in an initial public offering of its oil refinery that could raise 2.
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