September 25, 2026

A practical reading method for finding the important offer terms, testing the financials and identifying risks in an IPO prospectus.

A plain-language guide to how IPO shares are offered, priced, allotted and listed, plus the risks and checks African investors should understand.

The Dangote Refinery IPO is open, but a well-known name and a large industrial asset are not substitutes for reading the offer documents. African investors