{"id":263808,"date":"2019-12-05T19:51:22","date_gmt":"2019-12-05T22:51:22","guid":{"rendered":"https:\/\/anba.com.br\/?p=263808"},"modified":"2019-12-05T20:00:12","modified_gmt":"2019-12-05T23:00:12","slug":"saudi-aramco-raises-usd-25-6-bn-in-biggest-ipo-ever","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/saudi-aramco-raises-usd-25-6-bn-in-biggest-ipo-ever\/","title":{"rendered":"Saudi Aramco raises USD 25.6 bn in biggest IPO ever"},"content":{"rendered":"<p>Riyadh \u2013 Saudi Arabia\u2019s <a href=\"https:\/\/www.saudiaramco.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">state-run oil company<\/a> Saudi Aramco set a price of SAR 32 (USD 8.53) per share in its initial public offering (IPO). It raised USD 25.6 billion through the sale of 1.5% percent of its capital to local and regional investors, <a href=\"https:\/\/www.arabnews.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Arab News<\/em><\/a> reported.<\/p>\n<p>The IPO was the biggest ever, outdoing that of China\u2019s Ali Baba in 2014. The share price puts Aramco\u2019s market value at USD 1.7 trillion, overtaking Apple as the world\u2019s most valuable company. Going forward, Aramco\u2019s shares will be traded in Saudi Arabia\u2019s <a href=\"https:\/\/www.tadawul.com.sa\" target=\"_blank\" rel=\"noopener noreferrer\">Tadawul<\/a> stock exchange.<\/p>\n<p>Demand was as high as USD 119 billion from institutional and individual investors (USD 106 billion from institutional ones). The bulk of bids for shares came from Saudi companies and funds; foreign investors \u2013 including those from other Gulf countries \u2013 accounted for 10.5%.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Arab News<\/em> quoted Aramco as saying it reserves the option of floating an additional 3.45 billion shares, worth USD 29.4 billion. The <a href=\"https:\/\/anba.com.br\/en\/saudi-aramco-allowed-to-sell-shares\/\" target=\"_blank\" rel=\"noopener noreferrer\">IPO<\/a>\u00a0had been in the works since at least 2016.<\/p>\n<p><strong>\u00a0Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-263805\">AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Saudi Arabian state-run oil company\u2019s initial public offering outdid that of China\u2019s Alibaba. At an estimated market value of USD 1.7 trillion, Aramco is worth more than Apple.<\/p>\n","protected":false},"author":2316,"featured_media":263805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[12981,12982,11910,11959,9576,11961,9595,33601,3636,12983],"class_list":{"0":"post-263808","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-alibaba-en","9":"tag-apple-en","10":"tag-arabia-saudita-en","11":"tag-gas-ar","12":"tag-gas-en","13":"tag-petroleo-ar","14":"tag-saudi-arabia-en","15":"tag-saudi-aramco-en-2","16":"tag-stock-exchange","17":"tag-tadawul-en"},"wps_subtitle":"The Saudi Arabian state-run oil company\u2019s initial public offering outdid that of China\u2019s Alibaba. At an estimated market value of USD 1.7 trillion, Aramco is worth more than Apple.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/263808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=263808"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/263808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/263805"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=263808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=263808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=263808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}