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Originally Posted by faoogoke
I can imagine how he felt about monies that were returned. The man is not a sadist and I did expect him to come own up to the mis-adventure that Dangote flour IPO was to investors.
Let's give him the benefit of doubt. Obajana cement I believe would not be like Dangote flour.
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How is he going to prevent oversubscription? Let us not fool ourselves, if what is going on continues, the offer will be massively oversubscribed. I know people are becoming dissolutioned with PO/IPO, so that might be the saving grace.
There is a finite number of shares that can be sold. Check out FBN, they raised over 400billion, how could they have absorbed everything? There's a lot of money coming innto the NSE from foreigners, not to talk of Nigerians taking loans just to make quick profits.