Saudi Aramco’s recent $11.2 billion stock sale saw a significant shift in investor participation, with foreign investors securing about 60% of the shares on offer. This marks a change from the oil giant’s 2019 listing, which primarily attracted local buyers.
The U.S. and Europe were among the regions showing strong interest in the deal, along with funds from the U.K., Hong Kong, and Japan. The total orders for the share sale exceeded $65 billion, indicating widespread global demand for a stake in Saudi Aramco.
In contrast, the previous listing saw overseas investors shying away due to valuation concerns, leaving the government to rely on local buyers. The 2019 IPO garnered orders worth $106 billion, with only 23% of shares allocated to foreign investors.
\
[ad_2]
Source link
