{"id":49494,"date":"2019-12-05T20:15:07","date_gmt":"2019-12-05T20:15:07","guid":{"rendered":"https:\/\/english.thesunrisetoday.com\/?p=49494"},"modified":"2019-12-05T20:15:07","modified_gmt":"2019-12-05T20:15:07","slug":"saudi-aramco-shares-priced-at-8-53-in-biggest-ipo-in-history","status":"publish","type":"post","link":"https:\/\/english.thesunrisetoday.com\/index.php\/saudi-aramco-shares-priced-at-8-53-in-biggest-ipo-in-history\/","title":{"rendered":"Saudi Aramco shares priced at $8.53 in biggest IPO in history"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"alignleft  wp-image-49495\" src=\"https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2019\/12\/Aramco.jpg\" alt=\"\" width=\"805\" height=\"536\" \/>Saudi Aramco has priced its initial public offering at $8.53 (SR32) per share making it the biggest IPO in history. The price is the top of Aramco&#8217;s indicative range, the company said in a statement, raising $25.6 billion and beating Alibaba&#8217;s record $25 billion listing in 2014. At that level, Aramco has a market valuation of $1.7 trillion, comfortably overtaking Apple as the world&#8217;s most valuable listed firm.<\/p>\n<p style=\"text-align: justify;\">Saudi Arabia relied on domestic and regional investors to sell a 1.5% stake. The offering generated subscriptions of $106 billion by institutional investors and together with the total demand from individual Investors, order book hit $119 billion, it said.<\/p>\n<p style=\"text-align: justify;\">The company&#8217;s financial advisers had said earlier that most orders had come from Saudi funds or companies, with foreign investors\u2014 including from neighboring Gulf Arab states\u2014 accounting for 10.5% of the bids.<\/p>\n<p style=\"text-align: justify;\">Aramco said Thursday it would retain the option of an even bigger offering of a 3.45 billion share sale, representing $29.4 billion.<\/p>\n<div id=\"fb-root\"><\/div>\r\n<script>(function(d, s, id) {\r\n  var js, fjs = d.getElementsByTagName(s)[0];\r\n  if (d.getElementById(id)) return;\r\n  js = d.createElement(s); js.id = id;\r\n  js.src = \"\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1\";\r\n  fjs.parentNode.insertBefore(js, fjs);\r\n}(document, \"script\", \"facebook-jssdk\"));<\/script>\r\n <fb:comments href=\"https:\/\/english.thesunrisetoday.com\/index.php\/saudi-aramco-shares-priced-at-8-53-in-biggest-ipo-in-history\/\" font=\"arial\" num_posts=\"\" width=\"\" height=\"\" colorscheme=\"light\"  style=\"background:#FFFFFF;padding-top:0px;\r\npadding-right:0px;\r\npadding-bottom:0px;\r\npadding-left:0px;\r\nmargin-top:0px;\r\nmargin-right:0px;\r\nmargin-bottom:0px;\r\nmargin-left:0px;\r\n\"><\/fb:comments>","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco has priced its initial public offering at $8.53 (SR32) per share making it the biggest IPO in history. The price is the top of Aramco&#8217;s indicative range, the company said in a statement, raising $25.6 billion and beating Alibaba&#8217;s record $25 billion listing in 2014. At that level, Aramco has a market valuation &hellip;<\/p>\n","protected":false},"author":1,"featured_media":49495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/49494"}],"collection":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=49494"}],"version-history":[{"count":1,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/49494\/revisions"}],"predecessor-version":[{"id":49496,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/49494\/revisions\/49496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media\/49495"}],"wp:attachment":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=49494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=49494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=49494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}