KM Financial Solutions | CORRECTED (OFFICIAL)-UPDATE 1-Saudi Aramco IPO institutional tranche 2.95 times oversubscribed
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CORRECTED (OFFICIAL)-UPDATE 1-Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

CORRECTED (OFFICIAL)-UPDATE 1-Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

The institutional tranche of Saudi
Aramco’s planned initial public offering (IPO) has been almost
three times oversubscribed, receiving orders worth 189.04
billion riyals ($50.4 billion), financial advisers for the IPO
said on Tuesday.

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