Saudi Aramco Ipo Price Per Share In India
What is the offer price range. Get the latest aramco saudi aramco stock price and detailed information including news historical charts and realtime prices.
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Saudi Aramco S Ipo Set To Value Oil Giant At Nearly 1 7 Trillion
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Saudi aramco ipo price per share in india. Dubai saudi arabian oil co or saudi aramco priced its ipo at 32 riyals 853 per share the top of its indicative range which puts the company on track to raise 256 billion. The ipo was priced at 32 riyals per share valuing aramco at 17 trillion making it the worlds most valuable company. The offer price range for the offering has been set at sar 30 to sar 32 per share.
3 billion shares at price of 32 saudi riyals 853 a share the company plans to sell 3 billion shares or 15 per cent of its total shares at a price of 32 saudi riyals 853 per share. Aramco initially raised a then record 256 billion in its ipo in december by selling 3 billion shares at 32 riyals 853 but indicated it may sell additional shares through the over allotment of shares. The giant going public is saudi aramco the national oil company of saudi arabia.
The worlds largest initial public offering ipo which saudi aramco is planning brings cheer to the indian market as the saudi government owned firm targets 100 billion investments in the country. Saudi arabian oil co to give aramco its formal name pumps about 10 of the worlds oil yet crude prices had fallen in the preceding year and the outlook for global growth suggested at the. Like most websites you visit we use cookies to provide you with a better service.
This week aramco named jp. An offer price range defines the minimum and maximum price at which each share in the ipo can be offered to investors. It is expected to have a 2 trillion value more valuable that exxonmobil apple or alibaba.
Saudi aramco has lost almost 11 per cent since hitting a high of 3870 riyals. What is an offer price range. Morgan morgan stanley and hsbc as the lucky underwriters for its offering.
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