Episode notes
Africa's biggest IPO just opened. ₦5,250 buys you the minimum number of shares. The offer closes October 13th. And Nigerian X has been talking about it nonstop with different ownership memes dropping, but most of the conversation is either hype or distrust without much in between. This episode answers the questions nobody is addressing clearly: what you actually own when you buy a share, whether you can lose your money, what a dividend is and whether Dangote owes you one, why the share price will move after listing, what happens if everyone wants in and there are not enough shares, and why the market capitalisation is $47 billion. Before you buy, or decide not to, this is the episode to listen to.
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