Saudi Aramco IPO's retail tranche oversubscribed, says Samba Capital
The retail portion of Saudi Aramco’s initial public offering has been oversubscribed, with orders reaching SAR38.1 billion ($10.2 billion) according to lead manager Samba Capital. Aramco plans to sell a 1.5% stake, or about 3 billion shares, and has said at least one-third of the sale is...