{"id":304832,"date":"2019-12-10T10:38:37","date_gmt":"2019-12-10T05:08:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304832"},"modified":"2019-12-10T10:38:37","modified_gmt":"2019-12-10T05:08:37","slug":"aramcos-stock-will-have-plenty-of-support-when-trading-begins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramcos-stock-will-have-plenty-of-support-when-trading-begins\/","title":{"rendered":"Aramco\u2019s stock will have plenty of support when trading begins"},"content":{"rendered":"<p>When shares of Saudi Arabia\u2019s national oil company begin trading Wednesday after the world\u2019s largest initial public offering, the stars will be aligned to ensure that the stock price holds up.<\/p>\n<p>Aramco sold $25.6 billion of shares at 32 riyals each, the top of the range at which they were marketed, and the company had orders for $119 billion of stock. About 4.9 million individual investors, almost 15 per cent of the kingdom\u2019s population, applied for the shares. Saudi Arabia sold only 1.5 per cent of the company\u2019s capital in the IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When shares of Saudi Arabia\u2019s national oil company begin trading Wednesday after the world\u2019s largest initial public offering, the stars will be aligned to ensure that the stock price holds up. Aramco sold $25.6 billion of shares at 32 riyals each, the top of the range at which they were marketed, and the company had orders for $119 billion of stock. About 4.9 million individual investors, almost 15 per cent of the kingdom\u2019s population, applied for the shares. Saudi Arabia sold only 1.5 per cent of the company\u2019s capital in the IPO.<\/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-304832","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\/304832","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=304832"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304832\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}