Riyadh: Saudi Arabia on Sunday put a value of up to USD 1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of USD 2 trillion.
Aramco said it would sell 1.5% of the company in a blockbuster initial public offering worth at least $24 billion.
"The base offer size will be 1.5% of the company's outstanding shares," the state-owned energy giant said in a statement that set the price range at 30-32 Saudi riyals per share ($8-8.5). Saudi Arabia is pulling out all the stops to ensure the success of the IPO
Pune Municipal Corporation Polls: NCP (SP) Aligning With Ajit Pawar's NCP 'Like Joining Hands With BJP,' Says Shiv Sena-UBT's Sanjay Raut
Bride’s No-Make Up Wedding Look Goes Viral: Says Wanted To Get Married 'Looking The Most Like Me'
New Delhi: Central Govt May Increase Overseas Scholarships For Tribal Students From 20 To 50
RBI Grants Paytm Payments Services Approval For Offline & Cross-Border Payments
