Home Tech/AIIndustry & Trade Saudi Aramco IPO retail subscription at $5.8bn – official

Saudi Aramco IPO retail subscription at $5.8bn – official

by Amwal Al Ghad English
Aramco

Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said.

Aramco, the world’s biggest crude oil producing company, is looking to sell 1.5 percent of its stock in the IPO.

Source: Reuters

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