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Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

Updated : October 18, 2019 10:04 AM IST

If the state raises more than $25 billion, it would be the world's biggest initial public offering (IPO), topping Alibaba's 2014 debut.
Aramco can take advantage of new market rules that allow issuers the flexibility to sell more shares to retail investors, likely exceeding the usual 10 percent seen in recent IPOs.
Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

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