Why Dangote Refinery Extended Its IPO to October 27: Depositary Receipts, Account Opening and Cross-Border Access Explained
The answer given by Dangote Petroleum Refinery and Petrochemicals is that the extension is about reach, not about filling a gap. When an offering is said to be several times oversubscribed, extending the deadline can look odd. Why keep the book open if demand already exceeds supply? The company announced on Monday that the closing … Read more