Saudi Aramco’s retail IPO receives SAR 38 bln orders from 4.17 mln subscribers by midday

28/11/2019 Argaam

 

The retail portion of Saudi Aramco’s initial public offering (IPO) was 119% covered by 12:00 pm on Nov. 28, Samba Capital said in a statement.
 

Orders have reached SAR 38.13 billion from 4.17 million retail investors, who subscribed to 1.19 billion shares.

 

The retail offering will close by midnight today. The IPO results will be announced tomorrow, Nov. 29, the IPO lead manager added.

 

Aramco IPO (Tenth Day)

Days

Number of subscribers (mln(

Funds raised (SAR bln)

Number of subscribed shares (bln)

Number of shares offered (bln)

Coverage ratio (%)

Fifth Day

1.82

14.59

0.46

1.00

46%

Ninth Day

2.63

21.77

0.68

1.00

68%

Tenth Day

3.10

27.04

0.85

1.00

85%

Eleventh Day

3.72

32.57

1.02

1.00

102%

Last day (12 PM)

4.17

38.13

1.19

1.00

119%

For more details about Saudi Aramco IPO

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