{"id":310178,"date":"2020-01-13T12:39:07","date_gmt":"2020-01-13T07:09:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310178"},"modified":"2020-01-13T13:00:56","modified_gmt":"2020-01-13T07:30:56","slug":"saudi-aramco-raises-ipo-to-record-29-4-billion-through-greenshoe-option-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-raises-ipo-to-record-29-4-billion-through-greenshoe-option-2\/","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<p>Investors were allocated the additional shares for the option during the book-building process, Aramco said.<\/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. Investors were allocated the additional shares [&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":[130,191,136],"tags":[],"class_list":["post-310178","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\/310178","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=310178"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310178\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}