Saudi Aramco IPO retail subscription at $5.8 billion, says lead manager


Retail subscription for Saudi Aramco's initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said. The retail element of the sale so far amounts to a total of 680,254,540 shares, Samba Capital said in a statement. The last day of subscription for the retail tranche of the share sale is Nov.

28, it said. Aramco launched the IPO on Nov. 3. The oil giant said it plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals.

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