Retail subscription for Saudi Aramco's initial public offering (IPO) reache...
FILE PHOTO: An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
RIYADH - Retail subscription for Saudi Aramco’s initial public offering reached 27.04 billion Saudi riyals on Tuesday, lead manager Samba Capital said. The retail element of the sale so far amounts to a total of 845,101,020 shares, Samba Capital said in a statement. The last day of subscription for the retail tranche of the share sale is Nov. 28, it said. Aramco launched the IPO on Nov. 3.
The oil giant said it plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the IPO at as much as 96 billion riyals and giving the company a potential market value of between $1.6 trillion and $1.7 trillion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Aramco IPO could disappoint Saudi on a new frontThe oil giant has takers for most of its $25 bln offer. Yet its 1.5% listing is too small to give the local bourse a big bump up in MSCI’s key emerging-markets index. The gap between the 5% listing originally touted equates to tens of billions of dollars of foreign money inflows.
Lire la suite »
Saudi central bank says Aramco IPO not causing liquidity issues for banksSaudi Arabia's central bank is monitoring banking indicators on a daily bas...
Lire la suite »
Saudi central bank says Aramco IPO not causing liquidity issues for banksSaudi Arabia's central bank is monitoring banking indicators on a daily bas...
Lire la suite »
Aramco IPO could disappoint Saudi on a new frontThe oil giant has takers for most of its $25 bln offer. Yet its 1.5% listing is too small to give the local bourse a big bump up in MSCI’s key emerging-markets index. The gap between the 5% listing originally touted equates to tens of billions of dollars of foreign money inflows.
Lire la suite »
Charles Schwab Acquires TD Ameritrade in $26 Billion All-Stocks DealThe all-stock deal, worth $26 billion, creates an online giant in the retail brokerage industry that has been gripped by a price war.
Lire la suite »
Charles Schwab Acquires TD Ameritrade in $26 Billion All-Stock DealThe all-stock deal, worth $26 billion, creates an online giant in the retail brokerage industry that has been gripped by a price war.
Lire la suite »