Saudi Aramco’s initial public offering (IPO) of stock is oversubscribed, according to the Wall Street Journal. As of November 29, the state-run company’s IPO had attracted $44.3 billion worth of bids, equivalent to 1.7 times the amount the Saudi government was hoping to raise.
Posted by Jennifer Delay Iacullo
Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.
