Bid & Tender

News

Saudi Aramco Raises $26.5bn from IPO

Saudi Aramco has raised $26.5bn from the initial public offering (IPO) of shares in the company making it the biggest-ever IPO in history.

 

Aramco said last week that it has set a final price of SR32 ($8.53) a share, which puts the overall worth of the enterprise at $1.7tn.

 

Aramco said in its IPO prospectus, released on 9 November, that it would offer 1.5 per cent or 3 billion shares to investors – of which 1 per cent was offered to institutional investors and 0.5 per cent to retail investors.

 

Aramco said its IPO generated a combined $119bn worth of subscriptions from institutional and retail investors.

 

Aramco also mentioned its IPO was oversubscribed by 4.65 times, with institutional investors pumping in $106bn out of the $119bn worth of total subscriptions received.

BACK

Related News