Saudi Arabia – Aramco grows by $29.4 billions

January 19, 2020 - Aramco decided to exercise the greenshoe option, this allowed to sell additional shares after the IPO completed in December. The most valuable company in the world is braking records. After the biggest initial public offering, Aramco decided to sell an additional 450 million shares. The company raised %29.4 billion, pricing its shares at SR32 ($8.53). “The 450,000,000 shares subject to the over-allotment option had been allocated to investors during the book building process and therefore, no additional shares are being offered into the market today,” Aramco said. The market values the company at $1.87 trillion, Aramco closed it’s shares at SR35 ($9.33) last Thursday.