💬 Chat, Dangote Refinery IPO is live today. A few plain facts, then the question I actually care about.
•₦525 a share. Smallest ticket is 10 shares ₦5,250. Window runs till 13 October. Apply only through licensed platforms. Don’t send money to a random account in a group chat.
•They’re issuing 4.1 billion new shares. That’s about 3.3% of the company. Dangote still keeps control. The money is meant for the refinery expansion not for existing owners cashing out and walking away.
•Yes, it’s Africa’s biggest IPO so far. And yes, they made the entry point small on purpose so more people could try. That still doesn’t make it easy money. Offers like this can get oversubscribed, scaled back, then bounce around after listing. Cheap to enter is not the same as safe.
•So be honest with yourself: are you treating this as a long-term hold, a listing-day flip, or something you’re leaving alone until the prospectus and allotment picture are clearer?
#DangoteRefineryIPO #IPOForThePeople