{"id":303389,"date":"2019-11-29T10:29:24","date_gmt":"2019-11-29T04:59:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303389"},"modified":"2019-11-29T11:02:24","modified_gmt":"2019-11-29T05:32:24","slug":"aramco-ipo-retail-tranche-oversubscribed-orders-reach-10-bn-lead-manager","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-ipo-retail-tranche-oversubscribed-orders-reach-10-bn-lead-manager\/","title":{"rendered":"Aramco IPO retail tranche oversubscribed, orders reach $10 bn: Lead manager"},"content":{"rendered":"<p>The retail portion of Saudi Aramco&#8217;s initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals ($10.2 billion), lead manager Samba Capital said on Thursday. <\/p>\n<p>The state oil giant plans to sell a 1.5% stake, or about 3 billion shares, and has said at least one-third of the sale is expected to be covered by retail investors, who have until Thursday to sign up. <\/p>\n<p>With an indicative price of 30-32 riyals, the IPO is valued at as much as 96 billion riyals ($25.6 billion) and gives the firm a market value of $1.6-$1.7 trillion. <\/p>\n<p>It will be the world&#8217;s biggest IPO if it tops the $25 billion set by China&#8217;s Alibaba in 2014. <\/p>\n<p>Around 4.17 million retail investors had subscribed to 1.19 billion shares by 12 p.m. on Thursday, injecting 6.13 billion riyals above the amount needed for full coverage, Samba said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The retail portion of Saudi Aramco&#8217;s initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals ($10.2 billion), lead manager Samba Capital said on Thursday. The state oil giant plans to sell a 1.5% stake, or about 3 billion shares, and has said at least one-third of the sale is expected to be covered by retail investors, who have until Thursday to sign up. With an indicative price of 30-32 riyals, the IPO is valued at as much as 96 billion riyals ($25.6 billion) and gives the firm a market value of $1.6-$1.7 trillion. It will [&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":[135,130,169],"tags":[],"class_list":["post-303389","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303389","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=303389"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303389\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}