Saudi Arabia’s state oil company Saudi Aramco continues its IPO. It is reported that next week, the investment bank participating in the listing activity will be issued a license to officially carry out the IPO.

“Bloomberg” reported that the Saudi Aramco Board of Directors will meet with the investment bank representatives participating in the IPO activities on October 17, and will finally confirm the start of the listing process. The investment banks participating in the IPO activities will submit the first draft of the analysis report on October 9 and 15, respectively, and the final manuscript will be reviewed on October 18. After the announcement of the listing decision by Saudi Ami on October 20, the report will be publicly distributed to the fund. Manager, starting the promotion before the listing.

According to the report, Saudi Ami plans to list on the Saudi Stock Exchange in November and intends to sell 2% of the shares. According to the expected market value of sand market to reach 2 trillion US dollars, the amount of funds raised for the sale of 2% shares is equivalent to 40 billion yuan (the same as the US dollar). If the market value of Ami in the sand reaches 2 trillion yuan, it will be twice as high as the current highest market value apple, and it is expected to become the world’s largest market capitalization enterprise.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

Intel considers selling mobile phone 5G internet chip business or selling it to Apple

Intel last week decided to withdraw from the mobile 5G router chip…

The Venezuelan central bank will issue three large-value banknotes with a maximum denomination of 50,000 Bolivars.

South American countries have high inflation levels in Venezuela. Last year, in…

Yang Jinlong, co-chairman of the IPO Approval of the Hong Kong Stock Exchange, resigned due to family reasons

“Bloomberg” quoted two people familiar with the matter as saying that according…

Xingya 96.5% stocks holding stock market value evaporated more than 4 million in a single day

GEM Star Asia Holdings (8293) was suddenly washed out, plummeting 96.5% throughout…