Saudi Aramco is going to raise up to 2.7 trillion yen since its initial public offering on November 18 at 0:08

Saudi Arabia's state-owned oil company Saudi Aramco has announced an estimate of the public offering price for IPO = initial public offering in the domestic market, and the maximum amount of funds raised is more than ¥ 2.7 trillion in Japanese yen There is a possibility that it will be the largest in history, and there is interest in the whereabouts of listing.

Saudi Arabia's state-owned oil company, Saudi Aramco, started the procedure for listing on the domestic stock market this month, and on the 17th, announced the standard price of the public offering and the ratio of the listed stock.

According to it, the standard for the public offering price is about 8 to 8.5 dollars per share, and the policy is to list 1.5% of the shares.

Based on this calculation, the maximum amount of funds to be raised is approximately 25.6 billion dollars (over 2,770 billion yen in Japanese yen), and the record raised when the Alibaba Group in China was listed in 2014 is the largest ever There is a possibility of becoming.

In addition, Saudi Aramco's market capitalization is estimated to be up to 180 trillion yen, surpassing Apple and Microsoft and the largest in the world.

The Government of Saudi Arabia will make use of the funds raised to promote economic reforms to break away from dependence on oil.

Saudi Aramco is interested in the future of its success in listing domestically and then wanting to connect to listings in overseas markets such as the Tokyo Stock Exchange where adjustments are difficult.