Dangote Petroleum Refinery & Petrochemicals has announced that its ongoing Initial Public Offering has drawn subscriptions from investors in more than 90 countries, including 51 of Africa's 54 nations. The company said the level of participation positions the transaction as Africa's first truly pan-African public offering. The IPO broke the Nigerian market record on its opening day and surpassed the previous African record within its first ten days. Demand came from retail investors, pension funds, institutional investors, asset managers and members of the investing public.
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