The Nigerian Exchange Group (NGX Group) says the Dangote Refinery Initial Public Offering (IPO) has attracted investors from more than 120 countries, including all 54 African countries.
The Independent Mirror reports that the Chairman of NGX Group, Umaru Kwairanga, disclosed this in a statement on Wednesday following the closure of the IPO on Tuesday.
Kwairanga described the offer as a historic milestone for Nigeria and Africa, noting that it had advanced broader African ownership, wealth creation and the deepening of Nigeria’s capital market.
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He said the successful completion of the offer was a result of the dedication, resilience and commitment of the NGX Group’s board, management and staff throughout the six-week period.
The chairman also expressed appreciation to the Group Chief Executive Officer, Temi Popoola, and other members of NGX Group and its subsidiaries for their support and contributions to the exercise.
According to him, every application received represented an investor reached and another step towards expanding participation in the capital market.
“We have successfully closed an extraordinary journey that began on September 14.
“From the streets of Nigeria to investors who applied for shares across more than 120 countries worldwide, including all 54 African countries, your energy, dedication and relentless efforts have helped deliver a truly historic People’s IPO,” he said.
Kwairanga said the achievement went beyond an IPO, describing it as a landmark moment for Nigeria and Africa that would inspire future generations.
He commended the NGX Group team for making the organisation, Nigeria and Africa proud.
The Dangote Refinery IPO opened on September 14 and closed on Tuesday.
Daily Nigerian
