SAUDI ARAMCO'S IPO RAISED A RECORD $25.6 BILLION — BUT AN UNUSUALLY LOW 1.5% OF THE COMPANY'S SHARES WILL ACTUALLY TRADE

REUTERS/Hamad I Mohammed Saudi Aramco's record-shattering IPO made 3 billion shares available to public investors, though the offering only represents 1.5% of the oil giant's total value. Most large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Google-parent Alphabet all have more than 84% of their shares listed publicly. With the majority of Aramco's shares held by Saudi Arabia, government officials retain control ...

BusinessInsider (Date:12/10/2019 20:40) Read full article >>

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