Saudi Aramco IPO gets USD44.3 billion in bids so far

Saudi Aramco IPO gets USD44.3 billion in bids so far
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02.12.2019

MOSCOW (MRC) -- Saudi Aramco has received bids for its shares totaling USD44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed, said Reuters. The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals (USD25.6 billion), a deal which would give it a market value of USD1.

Full article at mrcplast.com

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