Legend Internet sets to list shares on NGX

Legend Internet Plc has met requirements to list its shares by introduction on the Nigerian Exchange Limited.

In a statement, the tech firm said the listing will see it list two billion ordinary shareson April 24, 2024, marking its official transition to a publicly traded company.

A listing by introduction means the firm has met all NGX’s requirements but is not raising new capital immediately through a public offer.

According to the statement, the company’s Chief Marketing Officer, Shakirah Alaga, said the forthcoming listing and bell-ringing ceremony is a major milestone in Legend’s journey to deepen digital inclusion and redefine home connectivity across Nigeria.

“Legend’s listing on the NGX is more than a corporate milestone—it’s a national moment,” said Aisha Abdulaziz, Chief Executive Officer of Legend Internet. “We are building Africa’s most customer-focused internet company, powered by world-class infrastructure and made-in-Nigeria innovation. Going public allows more people to be part of this story and share in the value we’re creating.”

With its listing, Legend aims to unlock new growth opportunities by expanding its national footprint, investing in local talent, and scaling up its technology infrastructure.

“We’ve proven that innovation can be born here, scaled here, and listed here,” Abdulaziz added. “As we go public, we are unlocking new growth opportunities not just for Legend, but for Nigeria’s digital economy at large.”