Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

January 12, 2020 admin Business News Comments Off on Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

State-owned oil company Saudi Aramco said on Sunday it had 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.

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Source:: Reuters – Business News