GTI Values Dangote Refinery at N493, Below N525 IPO Price
GTI Research has put Dangote Petroleum Refinery and Petrochemicals' (DPRP) probability-weighted fair value at approximately N493 per share, below the N525 offer price at which the company is currently selling shares in Africa's largest-ever
GTI Research has assigned Dangote Petroleum Refinery and Petrochemicals a probability-weighted fair value of roughly N493 per share, below the N525 offer price in its ongoing public share sale. The valuation adds to debate over the pricing of Africa's largest-ever initial public offering.
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