Saudi Aramco IPO's institutional tranche oversubscribed - source
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RIYADH/DUBAI (Reuters) - The institutional tranche of Saudi Aramco's initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals (£2 billion) in orders so far, a banking source told Reuters.Earlier on Thursday, Saudi-owned news channel Al-Arabiya, citing a banking source, said the institutional tranche of the deal had received more than 64 billion riyals, while the retail portion received 10 billion riyals.Aramco, which did..