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Saudi Aramco to sell less than 1% of shares to retail investors in potential largest IPO in history

7 monthes ago   |   By RT

Saudi state oil giant Aramco has revealed the date and the size of its long-anticipated initial public offering , which may become the largest in history.
In a prospectus released on Saturday, Saudi Aramco said it will offer up to 0.5 percent of its shares to individual investors, defying previous expectations of around 2 percent that were circulating in the media. The oil company said the offering will start next Sunday, November 17, and close on November 28 for individual subscribers and on December 4 for institutional investors.
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Saudi investors may take part in $200...
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IPO prospectus lays out main risks to Aramco's operations

IPO prospectus lays out main risks to Aramco's operations

7 monthes ago   |   By Reuters

Saudi state oil giant Aramco unveiled the prospectus for its initial public offering on Saturday, laying out the main material risks that may adversely affect the company's business or its financial position.
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Questions Swirl around Saudi Aramco after the Oil Giant Publishes Its IPO Prospectus

Questions Swirl around Saudi Aramco after the Oil Giant Publishes Its IPO Prospectus

7 monthes ago   |   By Fortune

Saudi Aramco will allow investors to start bidding for shares in the world's most-profitable company beginning Nov. 17. What they'll be investing is far from clear.
The energy giant left potential buyers in the dark about the size of the stake it plans to sell and the pricing range. Saudi Aramco's long awaited prospectus dropped on Saturday night, at around midnight Riyadh time.
The Saudi stock exchange rules prohibits the oil giant from listing additional shares for six months after the start of trading, according to its more than 650-page prospectus. Also, the Saudi government, the...
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Saudi Aramco's IPO Is Vulnerable to the Russians

7 monthes ago   |   By Washington Post

To get the best price for Aramco's shares, Riyadh needs to stop the oil price from weakening. Yet this leaves it at the mercy of Russia and Iraq.
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