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Aramco is raising their capitalisation

The world’s most valuable company, Saudi Aramco, applied greenshoe option offering to raise their capitalisation by 450 million dollars. A greenshoe option is an over-allotment option. Greenshoe option is used during public offering, if the demand for a security issue proves higher than expected. It gives underwriter the right to sell more shares to investor

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The world’s most valuable company, Saudi Aramco, applied greenshoe option offering to raise their capitalisation by 450 million dollars.

A greenshoe option is an over-allotment option. Greenshoe option is used during public offering, if the demand for a security issue proves higher than expected. It gives underwriter the right to sell more shares to investor than was initially planned by issuer.

Aramco sold 3 billion shares and initially earned 25,6 billion dollars in its IPO. The company is currently traded around 34,8, after declining to its lower price on Jan. 8 after problems between the USA and Iran.

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