We at Mainstreet Capital are proud to have served as financial adviser to Legend Internet PLC as the company made its debut on the Main Board of the Nigerian Exchange Limited (NGX) on Thursday, April 24, 2025, through the listing of 2 billion ordinary shares at ₦5.64 per share, representing a market capitalization of ₦11.3 billion.
This strategic listing by way of introduction is not only the first by any company in the internet segment of the telecommunications sector, but also the first listing on the NGX in 2025. It marks a significant milestone for Legend Internet PLC, Nigeria’s leading digital services provider, renowned for its innovative focus on fiber-to-the-home (FTTH) internet solutions and its commitment to expanding premium digital connectivity and inclusion across the country.
As the financial adviser on the listing, Mainstreet Capital has provided expert guidance, ensuring compliance with NGX’s robust listing requirements and facilitating a smooth entry into the capital market. This reinforces MCL’s position as a trusted partner in high-impact capital market transactions and a consistent enabler of strategic business growth across Nigeria’s key sectors.
This listing sets the tone for Legend Internet’s next phase of growth. As Aisha Abdulaziz, Chief Executive Officer Legend Internet PLC, noted, Legend is expanding into new technologies, deepening its infrastructure, and reaching more underserved communities.
Beyond enhancing the company’s visibility and investor reach, the listing underscores the growing investor appetite for innovative technology infrastructure firms driving Nigeria’s digital transformation.
Mainstreet Capital Limited remains committed to providing best-in-class financial advisory services to clients making bold moves that transform industries and empower communities.
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