- Aliko Dangote announced that the IPO launch faced significant disruptions.
- The disruptions impacted various systems, including those of some banks.
- Technical issues arose immediately after the IPO was launched on Monday.
Aliko Dangote has revealed that the launch of the initial public offering (IPO) was followed by a major disruption that affected the systems involved, including those of some banks.
The billionaire businessman disclosed this while speaking about the development, noting that the technical issues began shortly after the IPO was launched on Monday.
According to Dangote, the situation caused significant disruption as the systems struggled to cope immediately after the offering went live.
“We launched the IPO on Monday. Immediately after we started, I think the whole systems crashed, including the banks…”
Dangote’s comment has drawn attention to the scale of activity generated by the IPO, particularly the pressure placed on the digital and banking infrastructure supporting the process.
The incident highlights the level of demand and participation surrounding the offering, with investors seeking access to the shares shortly after the launch.
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Read some comments below:
@teesidedon:”lol 😂 Lamba I no go still buy am for now sha but if the western world and Middle East war continue I might consider”
@SOS:”😂😂😂😂 Nigerians and loving things that will not work for them. Imagine buying something that will no profit you but the owner more… Dangote go usw the funds do business or produce products still knack am high price…..”
@Miguel:”Hope my money no crash join? Na there me and you go take wear same trousers”
@BoscoViper:”The whole system crashed with people 5k? 😂😂 Them go sue Dangote o😂”
@Naj:”Why system no crash when banks dey hawk am (IPO) like boiled groundnut 😂 The funniest part be say most ppl buying no even read the terms and conditions before entering. Everybody just see shares and rush inside….”
@Dr. Yucee Pm:”The whole system crash ke? Dangote Abeg make una repair the system oh some of us invested like 50million for this IPO.”
