{"id":301349,"date":"2019-11-18T11:46:10","date_gmt":"2019-11-18T06:16:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301349"},"modified":"2019-11-18T11:49:58","modified_gmt":"2019-11-18T06:19:58","slug":"aramco-declares-1-71-trillion-valuation-in-blockbuster-ipo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-declares-1-71-trillion-valuation-in-blockbuster-ipo\/","title":{"rendered":"Aramco declares $1.71 trillion valuation in blockbuster IPO"},"content":{"rendered":"<p>Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world\u2019s biggest IPO, but missed Crown Prince Mohammed bin Salman\u2019s initial target of USD 2 trillion. <\/p>\n<p>Aramco said it would sell 1.5 per cent of the company in a blockbuster initial public offering worth $24-25.6 billion, scaling down Saudi Arabia\u2019s initial plan to sell up to five per cent of the firm. \u201cThe base offer size will be 1.5 per cent of the company\u2019s outstanding shares,\u201d the state-owned energy giant said as it began taking bids from investors in a price range of 30-32 Saudi riyals per share (USD 8-8.5).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world\u2019s biggest IPO, but missed Crown Prince Mohammed bin Salman\u2019s initial target of USD 2 trillion. Aramco said it would sell 1.5 per cent of the company in a blockbuster initial public offering worth $24-25.6 billion, scaling down Saudi Arabia\u2019s initial plan to sell up to five per cent of the firm. \u201cThe base offer size will be 1.5 per cent of the company\u2019s outstanding shares,\u201d the state-owned energy giant said as it began taking bids from investors in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-301349","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301349"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301349\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}