{"id":304496,"date":"2019-12-06T12:25:53","date_gmt":"2019-12-06T06:55:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304496"},"modified":"2019-12-06T12:36:41","modified_gmt":"2019-12-06T07:06:41","slug":"saudi-aramco-raises-25-6-bn-in-largest-ever-ipo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-raises-25-6-bn-in-largest-ever-ipo\/","title":{"rendered":"Saudi Aramco raises $25.6 bn in largest-ever IPO"},"content":{"rendered":"<p>Saudi Arabia&#8217;s state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP. <\/p>\n<p>The sum raised by the oil giant surpasses the $25 billion garnered by the Chinese online trading group Alibaba in 2014 when it entered Wall Street. <\/p>\n<p>The market debut also puts the Saudi oil behemoth&#8217;s value at $1.7 trillion, far ahead of other corporate giants in the trillion-dollar club: Apple ($1.2 trillion), Microsoft and Alibaba ($1.1 trillion). <\/p>\n<p>Aramco is expected to begin trading December 12 on the Tadawul exchange in Riyadh at 32 riyals, or $8.53, the sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP. The sum raised by the oil giant surpasses the $25 billion garnered by the Chinese online trading group Alibaba in 2014 when it entered Wall Street. The market debut also puts the Saudi oil behemoth&#8217;s value at $1.7 trillion, far ahead of other corporate giants in the trillion-dollar club: Apple ($1.2 trillion), Microsoft and Alibaba ($1.1 trillion). Aramco is expected to begin trading December 12 on the Tadawul exchange in [&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":[146,130,177],"tags":[],"class_list":["post-304496","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304496","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=304496"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304496\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}