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KM Financial Solutions | UPDATE 1-Saudi Aramco IPO institutional tranche more than twice oversubscribed
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UPDATE 1-Saudi Aramco IPO institutional tranche more than twice oversubscribed

01 Dec UPDATE 1-Saudi Aramco IPO institutional tranche more than twice oversubscribed

Posted at 11:38h in News by
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Institutional investors have put
in 144.1 billion riyals ($38.4 billion) worth of bids for Saudi
Aramco’s planned initial public offering (IPO), equivalent to
more than twice the number of shares on sale, financial advisers
for the IPO said on Monday.

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