The book for the IPO of Nigerian refinery Dangote reached $4.78 billion, three times the initial IPO target of $1.6 billion, Reuters reports. Against the background of strong demand from more than 2 million investors, the company may exercise an option to increase the supply to 2.1 billion dollars.

The book for the IPO of Nigerian refinery Dangote reached $4.78 billion, three times the initial IPO target of $1.6 billion, Reuters reports. Against the background of strong demand from more than 2 million investors, the company may exercise an option to increase the supply to 2.1 billion dollars.