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Saudi Aramco IPO's retail tranche oversubscribed - lead manager

FILE PHOTO: Sign of Saudi Aramco's IPO is seen during a news conference by the state oil
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RIYADH (Reuters) - The retail portion of Saudi Aramco's initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals (7.9 billion pounds), lead manager Samba Capital said on Thursday.The state oil giant plans to sell a 1.5% stake, or about 3 billion shares, at an indicative price of 30 to 32 riyals, valuing the IPO at as much as 96 billion riyals and giving..
Date Published: Nov 28, 2019
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