{"id":304364,"date":"2019-12-06T11:02:56","date_gmt":"2019-12-06T05:32:56","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304364"},"modified":"2019-12-06T11:02:56","modified_gmt":"2019-12-06T05:32:56","slug":"saudi-aramco-prices-shares-at-top-of-range-in-worlds-biggest-ipo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-prices-shares-at-top-of-range-in-worlds-biggest-ipo\/","title":{"rendered":"Saudi Aramco prices shares at top of range in world&#8217;s biggest IPO"},"content":{"rendered":"<p>DUBAI\/RIYADH: State-owned oil giant Saudi Aramco&#8217;s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.<\/p>\n<p>Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, according to three sources familiar with the decision, raising $25.6 billion and beating Alibaba&#8217;s record $25 billion listing in 2014.<\/p>\n<p>At that level, Aramco has a market valuation of $1.7 trillion, comfortably overtaking Apple as the world&#8217;s most valuable listed firm. But the listing, expected later this month on the Riyadh stock exchange, is a far cry from the blockbuster debut originally envisaged by the Crown Prince.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI\/RIYADH: State-owned oil giant Saudi Aramco&#8217;s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, according to three sources familiar with the decision, raising $25.6 billion and beating Alibaba&#8217;s record $25 billion listing in 2014. At that level, Aramco has a market valuation of $1.7 trillion, comfortably overtaking Apple as the world&#8217;s most valuable listed firm. But the listing, expected later this month [&hellip;]<\/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-304364","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\/304364","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=304364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}