Update 13 of 14
Dangote Refinery IPO draws heavy retail demand and ₦9.25 million in tokenised subscriptions in first 24 hours
The Dangote Refinery IPO, Africa's largest-ever listing at ₦2.15 trillion, has drawn heavy retail demand and was reported as oversubscribed, with Dangote pledging to prioritise retail investors in allocation. On-chain data shows ₦9.25 million subscribed through a tokenised IPO mechanism in the first 24 hours, marking what is described as Nigeria's first significant real-asset tokenisation test. Flutterwave has been confirmed as a digital access channel, enabling retail and diaspora participation in the offer.
6 sources
- Dangote pledges retail priority in oversubscribed IPO · businessday.ng · T2
- Dangote Refinery tokenised IPO draws ₦9.25M onchain in the first 24 hours, data shows · thecondia.com · T2
- 7 Things to Know About the Dangote Refinery IPO · nairametrics.com · T2
- Nigerians can apply for Dangote Refinery shares through Flutterwave · techtrendske.co.ke · T2
- Dangote’s $5 Billion IPO, Ten Million Owners, One Concentrated Risk · nairametrics.com · T2
- Dangote extends relationship as Banwo & Ighodalo, Olaniwun Ajayi headline IPO · nairametrics.com · T2