This could just beat Chinese e-commerce giant Alibaba's record $25 billion New York stock market debut in 2014. Aramco's IPO size could be bigger if there is enough demand for it to use a 15% "greenshoe" over-allotment option. Aramco kicked off its IPO on Nov. 3 after a series of false starts. Retail investors have until Nov. 28 to sign up for the IPO while institutional investors can subscribe until Dec. 4. The Aramco listing is part of a year-end equity market rush, with Alibaba taking orders for a Hong Kong listing that is expected to raise up to $13.4 billion.

Source: bd News24 November 17, 2019 12:22 UTC