Saudi National Oil Company Prospects for raising funds through public offering December 6, 5:46
IPO = Saudi Arabia's state-owned oil company “Saudi Aramco”, which is offering a new public offering, has decided the upper limit of the price standard announced in advance for the final selling price of shares. As a result, the amount of funds procured will exceed ¥ 2.7 trillion in Japanese yen, and is expected to become the largest ever.
Saudi Aramco, a state-run oil company in Saudi Arabia, has been in the process of listing on the domestic stock market since last month and announced the final selling price of its shares on the 5th.
According to the announcement, the selling price was more than 8.50 cents per share, which was the upper limit of the announced selling price.
Based on this calculation, the funds raised will be approximately $ 25.6 billion, and the Japanese yen will be over 2,780 billion yen, rewriting the record when the Alibaba Group in China was listed on the New York Stock Exchange in 2014, the largest ever It is expected to become.
Since there were many requests for purchase, the number of shares to be sold may increase more than planned. In that case, the final procurement amount will increase to 3 trillion yen. The market capitalization is around 180 trillion yen, which is the largest in the world, surpassing Apple.
The Saudi Aramco but aims also listed in the stock exchange overseas, including Japan, opacity and to the future of petroleum energy, such as the confrontation with Iran, concerns about geopolitical risk is still present, the prospect is Not standing
With regard to the domestic market, stocks will be listed next week and a series of procedures will be completed, and it is likely that attention will be drawn to how Saudi Arabia will advance the reform by making use of the huge funds raised by the IPO.