Institutional investors injected SAR 189.07 billion into Saudi Aramco’s initial public offering (IPO) to subscribe to 5.91 billion shares in 17 days, according to Samba Capital, NCB Capital and HSBC Saudi Arabia, the IPO’s joint financial advisors and joint global coordinators.
|
Aramco IPO (17 Day) |
||||
|
Days |
Funds raised (SAR bln) |
Number of subscribed shares (bln) |
Number of shares offered (bln) |
Coverage ratio (%) |
|
Fifth Day |
58.4 |
1.82 |
2.00 |
91% |
|
Twelfth Day |
118.9 |
-- |
2.00 |
-- |
|
Fifteenth Day |
144.2 |
4.55 |
2.00 |
228% |
|
Seventeenth Day |
189.07 |
5.91 |
2.00 |
296% |
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