Aramco Prices IPO At Top-End Of Range: Raises Record $25.6BN In World's Biggest IPO
December 05, 2019 at 14:48 PM EST
Saudi Aramco just priced its IPO at the high end of the targeted range, selling 3 billion shares or a 1.5% stake at 32 riyals ($8.53) per share for a total of $25.6 billion, and giving the oil giant a market valuation of $1.7 trillion.
