Botswana lands key role in Dangote Refinery’s $2.1billion IPO across Southern Africa
Botswana has been selected to host trading in shares of Dangote Petroleum Refinery and Petrochemicals FZE for Southern African investors, giving the relatively small stock market a prominent role in the continent’s largest initial public offering (IPO) to date
Africa’s largest refinery’s $1.6 billion IPO opens to Kenyan investors as Dangote expands East Africa push
The Capital Markets Authority of Kenya said that it had approved the global depository receipt submitted by Renaissance Capital (Kenya)
Dangote Refinery’s private placement drew $3.7 billion. Here’s why Dangote took only $2.5 billion
Speaking at the Qatar Economic Forum, powered by Bloomberg, Dangote said the company had initially planned to raise $1 billion through the private placement. However, demand reached $3.7 billion, allowing the refinery to take more than originally planned while still returning about $1.2 billion to investors
How Dangote Refinery’s $49 billion valuation compares with global refining giants
The refinery is offering 4.1 billion shares at ₦525 each, implying an equity valuation of about ₦63 trillion, or $47.59 billion
Dangote Refinery’s record N19.13trn H1 revenue sets stage for Africa’s biggest IPO – Businessday NG
Dangote Petroleum Refinery is heading for what could be Africa’s biggest-ever stock market offering after reporting a record N19.13 trillion ($13.91 billion) in first-half revenue, giving investors a compelling earnings story to weigh against its ambitious valuation