{"id":304079,"date":"2019-12-04T12:03:33","date_gmt":"2019-12-04T06:33:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304079"},"modified":"2019-12-04T12:03:33","modified_gmt":"2019-12-04T06:33:33","slug":"saudi-aramco-ipo-institutional-tranche-2-95-times-oversubscribed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-ipo-institutional-tranche-2-95-times-oversubscribed\/","title":{"rendered":"Saudi Aramco IPO institutional tranche 2.95 times oversubscribed"},"content":{"rendered":"<p>RIYADH: The institutional tranche of Saudi Aramco&#8217;s planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.<\/p>\n<p>The bookbuilding process for allocating shares to institutional buyers &#8211; typically asset managers, insurers or pension funds &#8211; began on Nov. 17 and investors have until 1700 Saudi time on Dec. 4 to place orders.<\/p>\n<p>Aramco plans to sell 1.5 per cent of its shares in a deal that could raise up to $25.6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIYADH: The institutional tranche of Saudi Aramco&#8217;s planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday. The bookbuilding process for allocating shares to institutional buyers &#8211; typically asset managers, insurers or pension funds &#8211; began on Nov. 17 and investors have until 1700 Saudi time on Dec. 4 to place orders. Aramco plans to sell 1.5 per cent of its shares in a deal that could raise up to $25.6 billion.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-304079","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304079","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304079"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304079\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}