Legend Internet Plc, Nigeria’s leading last-mile fiber-to-the-home (FTTH) broadband provider, has listed 2 billion ordinary shares at N5.64 per share by way of introduction on the Main Board of Nigerian Exchange Limited (NGX).

The listing by introduction of Legend Internet Plc added N11.28 billion to the Nigerian Exchange’s (NGX) market capitalisation, which now stands at N66.67 trillion. The stock, initially listed at N5.64, gained N0.56 or 9.93 percent, closing at N6.20. Legend Internet listed 2 billion ordinary shares of 50 kobo each at N5.64 per share through a “Listing by Introduction.” This development marks a significant milestone for Nigeria’s tech sector and represents a major leap forward for the country’s broadband ecosystem.

At the Facts Behind the Listing event held in honour of the occasion, senior executives of the company presented their growth strategy and vision to capital market stakeholders.

Speaking on the significance of the listing, Umaru Kwairanga, chairman of NGX Group 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.”