Aramco says no price stabilization executed as of Dec. 17

17/12/2019 Argaam

   

Saudi Aramco said no price stabilization transactions have been executed as of December 17, 2019.

 

The state-run company announced today receiving an addendum notification from Goldman Sachs Saudi Arabia, the stabilizing manager, regarding the initial public offering (IPO) of the issuer’s shares. 

 

Goldman Sachs announced that it may stabilize the offer of the following securities, in accordance with the price stabilization mechanism in IPOs.
 
The selling shareholder has granted the stabilizing manager a purchase option to allow it to cover short positions resulting from any over-allotments, pursuant to which the stabilizing manager may purchase from the selling shareholder up to a maximum of 450 million additional shares, representing 15% of the offering size at the final offer price.

 

In case the purchase option is exercised in full, the total offering size will be 3.45 billion shares, representing an offer amount of SAR 110.4 billion. 
FIRST MID-STABILISATION PERIOD ANNOUNCEMENT

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.