Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

Reuters

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State-owned oil company Saudi Aramco said on Sunday it had exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion.

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