Aramco's journey from private to public company was an unwieldy and at times fractious deal-making process
The state-owned oil giant set the final price of its shares at $8.53, valuing the world's most profitable company at $1.7 trillion
The listing, expected later this month on the Riyadh stock exchange, is a far cry from the blockbuster debut originally envisaged by the Crown Prince
Aramco alone will be enough to move HSBC up two spots to 10th place on the main league table tracking stock offerings in EMEA
A final pricing decision will be taken later on Wednesday by an executive committee overseeing the IPO that includes top government officials, Aramco executives and bankers
The Gulf energy giant has discussed pricing its IPO shares at 32 riyals apiece, after marketing them at 30 to 32 riyals each,
Although the IPO has received more than enough bids, the level of interest so far is relatively muted compared with other emerging market IPOs
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
A shortfall in assured LPG supply from Saudi Arabia has created a huge booking backlog across states such as Maharashtra, Karnataka, Punjab and Goa
In March this year Saudi Aramco, the world's biggest oil company, agreed to buy a 70 per cent stake in SABIC
The retail portion of the planned deal had received 10 billion riyals, it also said.
Building early momentum is important in large equity offerings, as investors are encouraged to jump in when they see other institutions rushing to buy shares.
BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far
The banks will be paid 35 basis points of the money raised, according to the three sources
Saudi Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth between $24 billion and $25.6 billion
September crude output fell by 660,000 bpd to 9.129 million bpd, figures from the Joint Organizations Data Initiative (JODI) showed.
The IPO once was promoted as the strongest sign of economic change in Saudi Arabia
IPO share price out, valuing the company at up to $1.7 trillion
The company is seeking to raise between $24 billion and $25.6 billion by selling a 1.5% stake, putting it close to Alibaba Group Holding Ltd.'s $25 billion deal
Over the past 10 years (since 2009) only a handful of leading oil & gas exploration companies have delivered stellar gains