Saudi Aramco IPO raises SAR 32.6 bln by end of Nov. 27
As many as 3.71 million retail investors injected SAR 32.57 billion to subscribe to 1.10 billion shares of Saudi Aramco by the end of Nov. 27, Samba Financial Group said in a statement.
The IPO was 102% oversubscribed.
The lead manager added that 1.60% of investors submitted bids through phone banking, 23.03% through ATMs, 38.08% through internet banking and 37.29% through bank branches.
The retail offering will close tomorrow, Thursday, Nov. 28.
|
Aramco IPO (Tenth Day) |
|||||
|
Days |
Number of subscribers (mln( |
Funds raised (SAR bln) |
Number of subscribed shares (bln) |
Number of shares offered (bln) |
Coverage ratio (%) |
|
Fifth Day |
1.82 |
14.59 |
0.46 |
1.00 |
46% |
|
Ninth Day |
2.63 |
21.77 |
0.68 |
1.00 |
68% |
|
Tenth Day |
3.10 |
27.04 |
0.85 |
1.00 |
85% |
|
Eleventh Day |
3.72 |
32.57 |
1.02 |
1.00 |
102% |
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