{"id":310035,"date":"2020-01-13T10:51:25","date_gmt":"2020-01-13T05:21:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310035"},"modified":"2020-01-13T11:27:37","modified_gmt":"2020-01-13T05:57:37","slug":"aramco-raises-ipo-to-29-4-bn-via-greenshoe-option-sells-450-mn-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-raises-ipo-to-29-4-bn-via-greenshoe-option-sells-450-mn-shares\/","title":{"rendered":"Aramco raises IPO to $29.4 bn via greenshoe option, sells 450 mn shares"},"content":{"rendered":"<p>State-owned oil company Saudi Aramco said on Sunday it has exercised its &#8220;greenshoe option&#8221; to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. <\/p>\n<p>Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53) but indicated it may sell additional shares through the over-allotment of shares. <\/p>\n<p>A greenshoe option, or over-allotment, allows companies to issue more shares in an IPO when there is greater demand from participants during the initial offering. <\/p>\n<p>Investors were allocated the additional shares for the option during the book-building process, Aramco said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned oil company Saudi Aramco said on Sunday it has exercised its &#8220;greenshoe option&#8221; to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53) but indicated it may sell additional shares through the over-allotment of shares. A greenshoe option, or over-allotment, allows companies to issue more shares in an IPO when there is greater demand from participants during the initial offering. Investors were allocated the additional shares for [&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-310035","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\/310035","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=310035"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310035\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}