Saudi Aramco raises $11.2bn in stock offering at $7.27 per share, surpassing initial IPO target of $10.6bn.
Saudi Aramco, Saudi Arabia's state-owned oil company, is set to raise over $11.2bn after pricing its stock offering at the lower end of its targeted range. The shares will be priced at 27.25 Saudi riyals ($7.27 each), according to the Wall Street Journal. This exceeds the initially stated $10.6bn for the company's IPO, bringing in more funds than initially projected.
June 06, 2024
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