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

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

Saudi oil giant Aramco's initial public offering raised $29.4 billion, more than previously announced after the company says it used a so-called “greenshoe option” to sell an additional 450 million shares to meet investor demand

Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the U.S. blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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12 January 2020, 13:06