Dangote’s people’s IPO to give preference to small investors in event of oversubscription

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, has reaffirmed his commitment to making the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery a 'People's IPO.' He assured retail and small investors that they will receive priority allocation if the offer becomes oversubscribed. Dangote said the offer was deliberately structured to broaden participation. The IPO aims to allow small investors to own shares in the refinery.

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