Saudi Aramco's $12 Billion Stock Offer Sells Out in Hours

Saudi Aramco's $12 billion share sale sold out shortly after the deal
opened on Sunday, in a boon to the government that's seeking funds to
help pay for a massive economic transformation plan.

The government had demand for all shares on offer in a few hours after
books opened, according to terms of the deal seen by Bloomberg News.
Books were covered within the price range of 26.70 riyals to 29
riyals. https://www.bloomberg.com/news/articles/2024-06-02/saudi-aramco-s-12-billion-stock-offer-sells-out-in-hours


Investors have too much pocket change these days...

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