Aliko Dangote sets September IPO launch for $50 billion refinery as pre-orders near $2 billion
Billionaires Africa | 21.05.2026 19:20
Aliko Dangote has fixed September as the target launch month for the initial public offering of Dangote Petroleum Refinery and Petrochemicals, telling reporters at the Lekki facility on Wednesday that private placement requests have already climbed to almost $2 billion before the formal offer has opened. The disclosure, made during a visit to the refinery by First HoldCo chairman Femi Otedola and senior executives of the bank, pushes back the timing previously communicated by the company, which had pointed to a June-July listing on the Nigerian Exchange. It also marks the first time the group president has publicly quantified pre-IPO investor demand.
