Aramco IPO Retail Subscription at $7.21 Bln- Lead Manager

SEATTLE (Oil Monster): Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 27.04 billion Saudi riyals ($7.21 billion) on Tuesday, lead manager Samba Capital said.

Aramco, the world’s biggest crude oil producing company, is looking to sell 1.5% of its stock in the IPO.

Courtesy: www.reuters.com