Saudi Aramco stock offering to launch Nov 17After years of delay and false starts, Saudi Aramco said it will sell an unspecified number of shares on the Riyadh stock exchange in what is expected to be the biggest IPO in history. RIYADH: Saudi Aramco announced in a prospectus Saturday that its much-anticipated initial public offering will begin on Nov 17, with a final share price to be determined on Dec 5, a day after subscriptions close. "The targeted percentage of Offer Shares allocable to individual investors will be up to 0.5% of the shares," the prospectus said. The prospectus said the offering period will start on Sunday, Nov 17, ending on Nov 28 for individual investors and on Dec 4 for institutional investors. The company will set a price range for the shares on Nov 17 but the final price will only be determined on Dec 5, the day after all subscriptions close.

Source: Bangkok Post November 10, 2019 00:47 UTC