Saudi Aramco IPO set to value company up to $1.7 trillion

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

DUBAI - Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion that the Saudi crown prince had previously targeted, making it potentially the world’s biggest IPO. Aramco said on Sunday it plans to sell 1.5% of its shares or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the initial public offering , as much as 96 billion riyals at the top end of the range.

Aramco could just beat the record-breaking $25 billion raised by Chinese e-commerce giant Alibaba when it made its stock market debut in New York in 2014. Reporting by Saeed Azhar and Hadeel Al Sayegh and Rania El Gamal, Editing by Carmel Crimmins and Ghaida Ghantous

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Trade update, Aramco IPO pricing and retail earnings: 3 things to watch for in the markets on MondayWe'll get an update on trade, Aramco is set to price its IPO, and a bunch of retail names will report earnings.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Trade update, Aramco IPO pricing and retail earnings: 3 things to watch for in the markets on MondayWe'll get an update on trade, Aramco is set to price its IPO, and a bunch of retail names will report earnings.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »