He made the announcement while speaking at a virtual event on Oct. 7.
Their joint initiative will aim to support small and medium enterprises in the non-oil sector in Nigeria.
The company and its shareholders will split the 22.5 million ordinary shares to be listed in the IPO.
Van der Burgh is a serial entrepreneur, philanthropist and one of the wealthiest people in South Africa.
The outgoing LAN board has successfully mentored, advised and invested in over 100 Nigerian startups.
His company, Liquid Intelligent Technologies, aims to build at least 10 data centers in Africa’s largest cities.
The round was led by Softbank Vision Fund-2, SoftBank Group’s $30-billion venture fund.
Shares in Gemfields have reached their highest level in three years.
The funds will be used for constructing and upgrading the Minna-Bida Road in Niger State, Nigeria.
Kaduna State Governor Nasir el-Rufai has accused the Nigerian government of getting in the way of the project.