MSM Group , a diversified Nigerian conglomerate led by oil and gas mogul Muazzam Mairawani, has announced plans to close a 225 million initial public offering IPO in the United States this month, following the discovery of oil reserves valued at about 15 billion in one of its assets.
The announcement, made during an interactive session with journalists in Abuja, highlights MSMs plan to expand its presence in Nigerias energy sector and attract international investors. The company intends to list 22,500,000 units at 10 each on Nasdaq through MSM Frontier Capital, a New York-based acquisition vehicle established in 2025.
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