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Legend Internet Plc on Thursday became the first digital infrastructure service to list its 2 billion shares on the Lagos floor of Nigerian Exchange Limited.
With a Market capitalisation of N11.28 billion, the company also planned to raise N150 billion capital through debt and equity to finance it’s expansion.
Legend Internet which was listed by introduction gained N0.56kobo to close trading in the day at N6.20 from N5.64 respectfully.
Speaking at the company’s Fact Behind the listing, the company’s Chairman, Mr. Ladi Bada, said: “Technology is the fastest-growing sector, and broadband sits at the core of digital transformation. Legend Internet is proud to be the first indigenous broadband company listed on the Exchange. Our decision to list is anchored in our belief that the capital market is a catalyst for growth, innovation, and national economic transformation.”
Chief Executive Officer of Legend Internet Plc, Aisha Abdulaziz, described the listing as a national moment: “We are building Africa’s most customer-focused internet company powered by world-class infrastructure and made-in-Nigeria innovation. Going public enables more Nigerians to be part of our journey and share in the value we are creating. This is not just a corporate win; it’s a signal of what’s possible in Nigeria’s tech ecosystem.”
She disclosed that the company plans to raise N150 billion by way of debt and equity to expand its operations to other states in the domestic economy.
The NGX group Chairman, Umaru Kwairanga while speaking on the significance of the listing, remarked: “The successful listing of Legend Internet Plc today underscores the strength and viability of NGX as the preferred platform for companies looking to unlock value and achieve their growth potential. Legend’s commitment to innovation, strategic investment, and sound governance sets a benchmark for the technology sector, showcasing the immense opportunities our capital market offers.”
In his comment, Jude Chiemeka, Chief Executive Officer, Nigerian Exchange Limited (NGX) said: “Legend’s listing highlights the strategic role of NGX in supporting corporate innovation and growth. This is more than just a corporate milestone, it is a turning point for the tech sector. We are proud to provide a platform that enables indigenous technology firms to scale and create sustainable value.”
Editors Note:
Legend Internet Plc was built on a bold vision to deliver seamless, secure, and accessible internet for Nigerians. It has grown rapidly by combining nationwide fiber infrastructure with a suite of innovative digital products, designed to transform how people live, work, and connect, ”he said.
With an expanding fiber footprint and a commitment to service excellence, Legend has positioned itself as a dominant force in Nigeria’s connectivity space. But beyond broadband, the company is building a tech ecosystem of services that puts power in the hands of users.
Photo Caption:
L – R shows Chief Executive Officer, Nigerian Exchange Regulation (NGX RegCo), Mr. Olufemi Shobanjo; Group Managing Director/CEO, Nigerian Exchange Group (NGX Group), Mr. Temi Popoola; Non-Executive Director, Legend Internet Plc, Mr. Suleman Muhammad Arzika; Chief Executive Officer, Legend Internet Plc, Ms. Aisha Abdulaziz; Non-Executive Director, Legend Internet Plc, Mr. Bruce Brai Ayonote; Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; Chairman, Legend Internet Plc, Dr. Oladimeji Mobolaji Bada; CEO, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Non-Executive Director, Legend Internet Plc, Chief Ebhohimhen Ehianeta Mondritz; Head Primary Market, NGX, Mr. Tony Ibeziako during the Closing Gong Ceremony and Facts Behind the Listing of Legend Internet Plc at the Exchange today in Lagos
