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

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

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 to a record $29.4 billion. A greenshoe option allows companies to issue more shares in an IPO when there is greater demand from participants in the initial offer. Thursday’s closing price valued Aramco at $1.87 trillion.

Chris
Chris
michael zubas
michael zubas 3 months

and the Petro Dollar has been Cashed out.

Top in Business
Get the App