{"id":10160,"date":"2019-11-26T15:30:07","date_gmt":"2019-11-26T15:30:07","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=10160"},"modified":"2019-11-26T15:30:07","modified_gmt":"2019-11-26T15:30:07","slug":"aramco-ipo-to-welcome-foreign-investors-domestic-focus","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/aramco-ipo-to-welcome-foreign-investors-domestic-focus\/","title":{"rendered":"Aramco IPO To Welcome Foreign Investors Domestic Focus"},"content":{"rendered":"

\"SaudiSaudi Aramco<\/strong> is officially considered the world\u2019s most valuable company and this reputation is mainly because it is the driving force behind Saudi Arabia\u2019s oil production. The company is making preparations to launch an initial public offering (IPO) which is expected to be the biggest IPO in the world<\/a>. Saudi Aramco is expected to sell each share at $8.74<\/strong> and a total of 3 billion shares will be waiting for investors to purchase.<\/p>\n

Given the fact that this is going to be the biggest IPO in the world, it is a little strange that the company is not doing more to promote the IPO to international investors. Originally, there were plans for international roadshows to take place at the world\u2019s major financial centers like London and New York. But these have been cancelled and the focus has been to realign the IPO so it is sold only on the Saudi stock exchange<\/a>.<\/p>\n

Sultan Moussa<\/strong>, vice president of investment at NCB Capital said that Saudi Aramco took an important but very rational decision to keep the focus mainly on the domestic market because market research showed that there was enough demand for the IPO to sell out. If the demand in the domestic market was low, then it would have made more sense for the company to market the IPO heavily to international markets. <\/p>\n

CNBC International TV<\/strong><\/p>\n

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