https://www.live-feeds.com/feed/dangote-prices-africa-s-biggest-ipo-at-47-billionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/dangote-prices-africa-s-biggest-ipo-at-47-billionhttps://www.live-feeds.com/feed/dangote-prices-africa-s-biggest-ipo-at-47-billion#u69494Tue, 15 Sep 2026 22:18:18 +0000Aliko Dangote launched an IPO on Monday for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across Africa. The offering values the refinery at approximately $49 billion, though one source prices it at $47 billion. Early demand is high, with N1.5 trillion in subscriptions recorded within the first six hours of opening on the Nigerian exchange. The move follows a strong first half of 2026, during which the refinery reported a profit of $1.82 billion and became the top supplier of jet fuel to Europe.Why it mattersThis share sale represents the largest IPO in Afri