The Dangote Refinery IPO and Matters Arising

The Dangote Refinery IPO: What Are Investors Really Buying? 

So, a few friends considering investing in the Dangote Petroleum Refinery IPO asked me a seemingly simple question: What do I think about the offer, and would I participate?

My instinct, after more than three decades around investment banking, investing and capital markets, was predictable: I went straight to the numbers.

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