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Business & Lifestyle

Aramco raises $29.4 billion in world’s biggest initial public offering

NEW YORK/DHAHRAN, Saudi Arabia (UPI) -- Saudi Arabia's Aramco raised $29.4 billion in the world's largest initial public offering, surpassing the oil company's original listing by $5 billion. Goldman Sachs Group Inc., one of the underwriters of the IPO, exercised the option to place 450 million additional shares that were initially separated to avoid price swings, according to a statement. The shares at $8.53 were placed with investors during the book-building process. The stabilization period ended Friday. "The 450 million […]

todayJanuary 12, 2020 49

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