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Saudi Aramco IPO gets $44.3 billion in bids so far: Lead manager
November 29, 2019 | By Moneycontrol.com
business
The state-owned oil giant plans to sell 1.5 percent of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion.
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Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5% of the company's shares
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