(Bloomberg) — The final size of Saudi Aramco’s initial public offering jumped one month after its debut in Riyadh.Goldman Sachs Group Inc., one of the underwriters of the world’s biggest IPO, exercised the over-allotment option and increased the offering to $29.4 billion, according to a statement. It said 450 million additional shares were placed at 32 riyals ($8.53) with investors during the book-building process.Read more: Largest-Ever Listing Sheds $200 Billion in A MonthAccording to the terms of the offering, the bank could buy the additional shares during the stabilization period that ended Jan. 9 and give support to the stock, …read more
Source:: Yahoo Finance
