{"id":310063,"date":"2020-01-13T11:56:57","date_gmt":"2020-01-13T06:26:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310063"},"modified":"2020-01-13T11:56:57","modified_gmt":"2020-01-13T06:26:57","slug":"saudi-aramco-raises-ipo-to-record-29-4-billion-through-greenshoe-option","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-raises-ipo-to-record-29-4-billion-through-greenshoe-option\/","title":{"rendered":"Saudi Aramco raises IPO to record $29.4 billion through greenshoe option"},"content":{"rendered":"<p>DUBAI : 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","protected":false},"excerpt":{"rendered":"<p>DUBAI : 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.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-310063","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310063","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=310063"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310063\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}