Riyadh: The Saudi Aramco Initial Public Offering (IPO) has generated overall SAR166.04 billion in twelve days – since it was launched on November 17.
According to Samba Capital, the IPO lead manager, the retail portion which ended last Thursday oversubscribed with SR 47.4 billion riyals ($12.64 billion) in orders.
The petroleum company announced an offering of %1.5, or three billion, of the company’s shares on the Saudi Stock Exchange (Tadawul) at an indicative price range of SR30-SR32 ($8-$8.53).
Samba Capital said that institutional investors had put orders for SR118.86 billion during the first 12 days of Initial Public Offering.
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