News Oil 

Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO: sources

“DUBAI (Reuters) – Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters” writes Midwest Communications Inc for 95kqds.com. The Saudi oil group has not yet revealed the size of its planned IPO or what proportion of the company it will float, although sources have previously said this could be 1-2%.Assuming Aramco achieves a total valuation of $2 trillion, the retail tranche could be worth around $10 billion, the sources said on Saturday.
 
Source: 95kqds.com



Related posts