initial public offering of Saudi Aramco

E223722

The initial public offering of Saudi Aramco was the landmark stock market debut of Saudi Arabia’s state-owned oil giant, raising a record-breaking sum and forming a central pillar of the kingdom’s economic diversification plans.

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Statements (52)

Predicate Object
instanceOf financial event
initial public offering
stock market listing
announcedBy Mohammed bin Salman Al Saud
surface form: Mohammed bin Salman

Government of Saudi Arabia
surface form: Saudi Arabian government
announcedYear 2016
announcementContext Saudi Vision 2030
bookbuildingEndDate 2019-12-04
bookbuildingStartDate 2019-11-17
country Saudi Arabia
institutionalTrancheClosingDate 2019-12-04
internationalFinancialAdvisers BNP Paribas
Bank of America
surface form: Bank of America Merrill Lynch

Citigroup
Credit Suisse
Deutsche Bank
Goldman Sachs
Hongkong and Shanghai Banking Corporation
surface form: HSBC

JPMorgan Chase
Morgan Stanley
Société Générale
surface form: Societe Generale

UBS
issuer Saudi Aramco
leadDomesticAdvisers HSBC Saudi Arabia
NCB Capital
Samba Capital
notableFeature limited participation from major Western institutional investors
primarily domestic and regional investor base
offerPricePerShare 32
offerPricePerShareCurrency Saudi riyal
overallotmentProceedsAmount 29400000000
oversubscriptionDescription heavily oversubscribed
previousRecordHolderIPO Alibaba Group IPO
pricingDate 2019-12-05
primaryExchange Tadawul
primaryExchangeLocation Riyadh
proceedsAmount 25600000000
proceedsCurrency US dollar
record largest IPO in history by proceeds at time of listing
regulator Capital Market Authority of Saudi Arabia
retailTrancheClosingDate 2019-11-28
retailTrancheOpeningDate 2019-11-17
sharesOffered 3000000000
stakeSoldPercentage 1.5
strategicGoal Saudi Arabia Public Investment Fund
surface form: raise funds for Public Investment Fund of Saudi Arabia

support Saudi Vision 2030 economic diversification
subjectOf initial public offering of Saudi Aramco self-linksurface differs
surface form: Saudi Aramco IPO
tradingStartDate 2019-12-11
useOfProceeds economic diversification projects in Saudi Arabia
valuationAtIPO 1700000000000
valuationCurrency US dollar
valuationDescription world’s most valuable listed company at time of IPO

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Referenced by (2)

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Mohammed bin Salman Al Saud oversaw initial public offering of Saudi Aramco
initial public offering of Saudi Aramco subjectOf initial public offering of Saudi Aramco self-linksurface differs
this entity surface form: Saudi Aramco IPO