Dangote’s “People’s IPO” Draws a Flood of Orders
Nigerian billionaire Aliko Dangote’s $1.6 billion refinery share sale, billed as “The People’s IPO”, drew about three times its target in orders as it closed in Nigeria on Tuesday, October 27, 2026, with investors from 119 countries bidding for a stake in Africa’s biggest initial public offering, according to people familiar with the deal.
1 hour agoBy Stacy Achieng 
