The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed b...
LONDON - The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed bin Salman’s ambitious plan to open the gates to foreign investment in the kingdom. But there’s no sign of a stampede.
Most of the active fund managers said they would likely steer clear of the IPO, citing persistent concerns about risks around governance, the environment and regional geopolitics. Institutional investors bid $106 billion to take part in the IPO, which was more than 4.6 times oversubscribed, but how much of that demand came from overseas investors was not disclosed. The last bid process update to do so was published last Friday, and showed foreign institutional demand at 10.5% of the total $38.4 billion tabled.
Rohan Murphy, energy equities analyst at Allianz Global Investors, said his view on the company had not changed and his firm would be unlikely to invest, citing issues including governance, minority shareholder rights and geopolitical risk.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Saudi Aramco prices shares at top of range in world's biggest IPORIYADH/DUBAI Reuters - State-owned oil giant Saudi Aramco's initial public ...
Baca lebih lajut »
Saudi Aramco prices shares at top of range in world's biggest IPO: sourcesDUBAI/RIYADH Reuters) - State-owned oil giant Saudi Aramco's initial public...
Baca lebih lajut »
Aramco IPO has dug Saudi an even deeper holeThe oil giant’s oversubscribed $25.6 billion listing was supposed to bring in foreign cash to diversify the kingdom away from oil. In the process, it has loaded up local investors with overvalued stock. Saudis have in one sense wound up more leveraged to crude prices, not less.
Baca lebih lajut »
Saudi Aramco prices shares at the top of the range for record IPO, report saysThe shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday.
Baca lebih lajut »
Aramco Expected to Be Valued at $1.7 Trillion in IPOSaudi Aramco is expected to price its initial public offering at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in what would be the world’s biggest-ever IPO, according to people familiar with the matter.
Baca lebih lajut »
Saudi Aramco raises $25.6 billion in the world's biggest IPOSaudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly.
Baca lebih lajut »