Nigeria's Dangote Group launched an IPO of 4.1 billion shares aimed at expanding the Lekki refinery. [1] Reuters filed Africa's biggest share sale. [1] A launch is not cash received. A price on an offer sheet is not a close. Print the offer. Do not print a closed book.

Coverage named about 2.15 trillion naira at 525 naira a share if fully subscribed. [1] Fully subscribed is a condition, not Monday's till. Leave a named first-hour flood to the edition that owns a named flood. Do not invent a subscription rate. Do not invent a first-day pop.

The Lekki plant is already a refining fact. Expanding it with public equity is a different sentence from running it. Firmus megawatts on another page are not this sale. Print Dangote as Dangote. Print the offer as Monday's named Lagos hold. A book that is still open can fail, price-revise, or close full. Print the offer as still not a gavel. Print the launch as still the only honest Monday word.

-- AMARA OKONKWO, Lagos