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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... 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 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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NASDAQ edges up ahead of big tech’s earnings

NASDAQ edges up ahead of big tech’s earnings

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Tesla Earnings Today: Who will win, the bulls or the bears?

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Netflix stock closed below $500 on Friday: Can we expect further downside?

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