Saudi Aramco raises IPO to record $29.4 billion through greenshoe option
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DUBAI (Reuters) - State-owned oil company Saudi Aramco said on Sunday it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion (£22.5 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..