Saudi Aramco IPO receives SAR 144 bln worth of institutional orders in 15 days

02/12/2019 Argaam

 

Institutional investors injected SAR 144.16 billion into Saudi Aramco’s initial public offering (IPO) to subscribe to 4.55 billion shares in 15 days, according to Samba Capital, NCB Capital and HSBC Saudi Arabia, the IPO’s joint financial advisors and joint global coordinators.

 

The book-building process will continue until Wednesday, Dec. 4, 2019.

 

Aramco IPO (15th Day)

Days

Funds raised (SAR bln)

Number of subscribed shares (bln)

Number of shares offered (bln)

Coverage ratio (%)

Fifth Day

58.4

1.82

2.00

91%

Twelfth Day

118.9

--

2.00

--

Fifteenth  Day

144.2

4.55

2.00

228%

For more details about Saudi Aramco IP

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