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Investing.com – Saudi Aramco (SE:ARAM) priced its IPO at the top of its indicative range and raised $25.6 billion from the world’ biggest offering.
Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, the company said in a statement, raising $25.6 billion and beating Alibaba Group Holding Ltd's <BABA.N ...
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 ($25.6 ...
Aramco said it plans to sell 1.5% of the company, or about three billion shares, at an indicative price range of 30 to 32 riyals, valuing the IPO at as much as 96 billion riyals - or $25.6 billion.
The pricing means Saudi Aramco is set to overtake Apple as the world's most valuable listed business. Saudi Aramco sets IPO price range, valuing it at up to $1.7 trillion Skip to main content
Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, the company said in a statement, raising $25.6 billion and beating Alibaba's <BABA.N> record $25 billion ...