Saudi Arabian oil giant Aramco announces its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called “greenshoe option” to sell millions more shares to meet investor demand.
FILE- In this Dec. 11, 2019, file photo, the Saudi stock market officials watch the stock market screen displaying Saudi Arabia's state-owned oil company Aramco after the debut of Aramco's initial public offering on the Riyadh's stock market in Riyadh, Saudi Arabia. Saudi Arabian oil company Aramco's initial public offering raised $29.
The company said that the sale of an additional 450 million shares took place during the initial public offering process. Aramco’s additional sales mean the company has publicly floated 1.7% of its shares. It’s IPO, even before the added sales, was the world’s largest ever.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco raises IPO to record $29.4 billion by over-allotment of sharesState-owned oil company Saudi Aramco said on Sunday it had exercised its 'g...
Read more »
Saudi Aramco raises IPO to record $29.4 billion by over-allotment of sharesState-owned oil company Saudi Aramco said on Sunday it had exercised its 'g...
Read more »
Elon Musk Gets $2.1 Billion Richer This Week As Tesla Becomes America’s Most Valuable Car Company EverThe electric car company’s stock has doubled in three months, pushing Musk’s net worth to nearly $29 billion.
Read more »
Dow briefly tops 29,000 milestone as stocks extend push into record territoryThe Dow Jones Industrial Average extended a small gain Friday to briefly trade above the 29,000 milestone for the first time. The blue-chip hit an all-time...
Read more »
California governor seeks $1.4 billion to combat homelessness as crisis growsAdvocates and officials acknowledge it won't take all 151,000 people off the streets, but it will help ease the emergency.
Read more »