From The Rio Times · Amina Diarra · · 1m
Dangote Refinery Valued 33.4% Over IPO Price
Renaissance Capital Africa values Dangote refinery at ₦700.41 per share, 33.4% above IPO price.
In brief
Renaissance Capital Africa values Dangote refinery at ₦700.41 per share, 33.4% above IPO price. Renaissance Capital Africa values Dangote refinery at ₦700.41 per share, 33.4% above ₦525 IPO price. Originally reported by The Rio Times.
New Valuation
Renaissance Capital Africa now values the Dangote refinery at ₦700.41 a share (about US$0.52).
IPO Price and Date
The IPO closes on 27 October 2026 after regulator-approved extension.
Nine-Month Results
Refinery reported US$22.5 billion revenue and US$4.73 billion net profit for first nine months of 2026.
Valuation Increase
Valuation rose 13.1% from ₦619.47 to ₦700.41 after reading preliminary results.
IPO Terms
Offer sells 4.1 billion shares at ₦525 each, about ₦2.15 trillion (US$1.6 billion).
Rival Analysis
GTI Research values refinery at ₦493 per share, below IPO price.
Currency Impact
Each 1% naira move changes per-share value by about ₦7.
What It Means for US Investors
US investors see potential US$55.1 billion stake for Aliko Dangote at current valuation.
The essence
Renaissance Capital Africa values Dangote refinery at ₦700.41 per share, 33.4% above ₦525 IPO price.
