OIL: Saudi Aramco's 'greenshoe option' pushes IPO to record $29.4B

EnergyWire 2020-01-14

Summary:

Oil giant Saudi Arabian Oil Co. announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a "greenshoe option" to sell millions more shares to meet investor demand.

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Date tagged:

01/14/2020, 12:31

Date published:

01/14/2020, 07:14