Dangote Refinery IPO Draws $4.1bn in Orders, Nearly Triple Its Fundraising Target

Dangote Petroleum Refinery and Petrochemicals received about ₦5.85 trillion ($4.1 billion) in share applications for its planned IPO, almost three times its target of at least $1.6 billion, according to a report citing people familiar with the matter. Applications reportedly came from Nigerian and international investors.

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