Afrobeats star David Adeleke, popularly known as Davido, on Tuesday, September 22, joined Dangote Group president Aliko Dangote in New York’s Times Square, United States as the ongoing Initial Public Offering of the Dangote Petroleum Refinery and Petrochemicals featured on a digital billboard.
A video of the appearance shared on Davido’s Instagram story showed the singer and the billionaire standing beneath a Nasdaq digital display bearing the message, “Made in Nigeria. Built for the World,” while a small crowd filmed the moment.
The billboard forms part of a promotional campaign for the refinery’s public offer, which opened on Monday, September 14, and is scheduled to close on Tuesday, October 13.
The offer puts 4.1 billion ordinary shares on the market at N525 per share, with a minimum subscription of 10 shares, targeting Nigerian and other African investors.
If fully subscribed, the offer is expected to raise about N2.15 trillion.
Dangote has previously described the offer as an “IPO for the people,” saying the low minimum subscription was designed to allow retail investors to buy into the refinery alongside institutional investors.
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