Prospectus filing
Prospectus filing anticipated, subject to issuer, exchange, and regulator confirmation.
Filed / expected
Timeline
Listing update timeline
Admin-editable updates separating reported developments from confirmed prospectus information.
Anticipated timetable
Late April 2026 IPO timeline
Exact dates remain subject to regulatory approval and official offer documents. These are the key anticipated dates being watched as of late April 2026.
Roadshow and offers open
National roadshow and offer-opening period expected to begin.
ExpectedNGX listing
Listing on the Nigerian Exchange main board expected if approvals and offer mechanics align.
ExpectedSubscription window
Subscription window expected to open, with final eligibility and allocation terms still to be confirmed.
ExpectedKey details
- Listing venue
- Primary listing expected on the Nigerian Exchange (NGX) main board, with potential cross-border listings.
- Offer size
- Roughly 5% to 10% of the refinery's equity is expected to be offered to the public.
- Valuation
- Analyst estimates have put the company between $40 billion and $50 billion.
- Advisers
- Stanbic IBTC Capital, Vetiva Capital Management, and FirstCap are handling the transaction.
Market timetable cited from Bamboo Invest and related late-April 2026 commentary. Verify final terms against official issuer, NGX, SEC Nigeria, and prospectus documents.
Prospectus not yet published
IPO Watch Africa is tracking Dangote Refinery disclosures, exchange announcements, and prospectus details before treating listing terms as confirmed.
PendingPublic listing plans discussed in media
Listing plans have been reported, but final investor access, exchange venue, allocation rules, pricing, and timetable remain unconfirmed.
Reported