{"id":301377,"date":"2019-11-18T12:01:10","date_gmt":"2019-11-18T06:31:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301377"},"modified":"2019-11-18T12:14:52","modified_gmt":"2019-11-18T06:44:52","slug":"saudi-arabia-cuts-aramco-valuation-boosts-loans-to-get-ipo-done","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-cuts-aramco-valuation-boosts-loans-to-get-ipo-done\/","title":{"rendered":"Saudi Arabia cuts Aramco valuation, boosts loans to get IPO done"},"content":{"rendered":"<p>DUBAI, LONDON : Saudi Arabia set a valuation target for Aramco\u2019s initial public offering well below Crown Prince Mohammed bin Salman\u2019s goal of $2 trillion and pared back the size of the sale to ensure the world\u2019s largest oil producer successfully lists on the Riyadh stock exchange next month.<\/p>\n<p>The Saudi central bank also relaxed lending limits to boost demand from local investors after bankers were unable to convince many international money managers of the merits of the deal.<\/p>\n<p>Aramco will sell just 1.5% of its shares on the the local stock exchange, about half the amount that had been considered, and seek a valuation of between $1.6 trillion and $1.71 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI, LONDON : Saudi Arabia set a valuation target for Aramco\u2019s initial public offering well below Crown Prince Mohammed bin Salman\u2019s goal of $2 trillion and pared back the size of the sale to ensure the world\u2019s largest oil producer successfully lists on the Riyadh stock exchange next month. The Saudi central bank also relaxed lending limits to boost demand from local investors after bankers were unable to convince many international money managers of the merits of the deal. Aramco will sell just 1.5% of its shares on the the local stock exchange, about half the amount that had been [&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":[139,130,187],"tags":[],"class_list":["post-301377","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301377","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=301377"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301377\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}