Prospectus of Saudi Aramco published:
The Saudi Giant Aramco eventually released its prospectus where it mentioned only .5 percent of Aramco shares will be available for the individual investor. But the company didn't mention the total number of shares to be offered, price range, listing date & company's selling percentage.
From a neutral news source it is expected that the company is set to raise $60-$80 billion dollar by selling 1-3% of its share. Experts expected the total valuation of the company to be $1.5-$2 trillion.
Individual investors will get 1 billion shares from the company.
The book building valuation period will continue from 17 November, 2019 to 4 December 2019. The final price for the share is expected to be disclosed on 5th December, 2019. Aramco authority confirmed to pay dividend at least $75 billion to its shareholder & the dividend policy can be changed upon any special circumstances. New York Stock Exchange, the London Stock Exchange the stock exchange from Tokyo may get significant dual listing shares from Aramco not confirmed in the prospectus but reliable sources said.The bankers of the issuers will be Goldman Sachs, HSBC,Bank of America, Citigroup & JP Morgan etc.
Like other shares there are vulnerability factors regarding Aramco shares.Political unrest, economy shutdown, social anarchy & terrorism can cause significant fluctuation in the share price of Aramco share mentioned in the prospectus.
More updates coming
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