Dangote refinery’s targeted 10m investors to overtake Saudi Aramco’s 4.5m retail investor record

Nigeria’s Dangote Petroleum Refinery’s targeted 10 million retail investors for its ongoing initial public offering (IPO), will more than double Saudi Aramco’s 4.5 million retail subscribers record exhibited during its 2019 landmark listing.The IPO, now extended to October 27, from initial October 13, intends to raise up to $1.6 billion (or N2.15 trillion) to help fund Dangote’s Nigerian refinery expansion.