{"id":301419,"date":"2019-11-18T12:41:38","date_gmt":"2019-11-18T07:11:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301419"},"modified":"2019-11-18T12:51:23","modified_gmt":"2019-11-18T07:21:23","slug":"aramco-declares-usd-1-71-trillion-valuation-in-blockbuster-ipo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-declares-usd-1-71-trillion-valuation-in-blockbuster-ipo\/","title":{"rendered":"Aramco declares USD 1.71 trillion valuation in blockbuster IPO"},"content":{"rendered":"<p>Saudi Arabia on Sunday put a value of up to USD 1.71 trillion on energy giant Aramco in what could be the world&#8217;s biggest IPO, but missed Crown Prince Mohammed bin Salman&#8217;s initial target of USD 2 trillion.<\/p>\n<p>Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth USD 24-25.6 billion, scaling down Saudi Arabia&#8217;s initial plan to sell up to five percent of the firm.<\/p>\n<p>&#8220;The base offer size will be 1.5 percent of the company&#8217;s outstanding shares,&#8221; 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<p>The much-delayed offering, a cornerstone of Prince Mohammed&#8217;s ambitious plan to diversify the oil-reliant economy, rivals the world&#8217;s biggest listing &#8212; the USD 25 billion float of Chinese retail giant Alibaba in 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia on Sunday put a value of up to USD 1.71 trillion on energy giant Aramco in what could be the world&#8217;s biggest IPO, but missed Crown Prince Mohammed bin Salman&#8217;s initial target of USD 2 trillion. Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth USD 24-25.6 billion, scaling down Saudi Arabia&#8217;s initial plan to sell up to five percent of the firm. &#8220;The base offer size will be 1.5 percent of the company&#8217;s outstanding shares,&#8221; the state-owned energy giant said as it began taking bids from investors in a [&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":[130,211,144],"tags":[],"class_list":["post-301419","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301419","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=301419"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301419\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}