{"id":303577,"date":"2019-11-30T10:26:21","date_gmt":"2019-11-30T04:56:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303577"},"modified":"2019-11-30T11:01:12","modified_gmt":"2019-11-30T05:31:12","slug":"saudi-aramco-ipo-received-44-3-billion-in-bids-so-far-samba-capital","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-ipo-received-44-3-billion-in-bids-so-far-samba-capital\/","title":{"rendered":"Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital"},"content":{"rendered":"<p>Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed. <\/p>\n<p>The state-owned oil giant plans to sell 1.5% of the company&#8217;s shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion. <\/p>\n<p>Overall demand so far totals 1.7 times the amount of shares on offer, with institutional investors having until Dec 4 to put their bids in. <\/p>\n<p>In the first update on institutional investor interest in the listing, Samba said it had received bids from them worth 118.86 billion riyal ($31.70 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed. The state-owned oil giant plans to sell 1.5% of the company&#8217;s shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion. Overall demand so far totals 1.7 times the amount of shares on offer, with institutional investors having until Dec 4 to put their bids in. In the first update on institutional investor interest in the listing, Samba [&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-303577","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\/303577","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=303577"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303577\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}