Aramco is raising their capitalisation

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...
The world’s biggest IPO gets much bigger

The world’s biggest IPO gets much bigger

Aramco Announced Sunday that its initial public offering raised an additional 450 million shares, raising the size of its IPO $3.8 billion to a total of $29.4 billion. The oil giant initially raised a then-record $25.6B in its IPO in December by selling 3B shares at 32 riyals ($8.53). The company officials said it had...
Is worse scenario in 2020 real?

Is worse scenario in 2020 real?

There are many analysts who expect price of the black gold worse than in 2019. If it happens, the price will have impact on the global economy. Problems with demand we can see on the OPEC’s policy by cutting the production. Last cut which have affect from January 1 reduces the production by 500 000...
Trump calmed down markets and support growth

Trump calmed down markets and support growth

American president Donald Trump yesterday spoke that United States won’ response on Iranian attack by attacking back. On the other side he chose to answer by embargo on exporting Iran’s oil only because they didn’t t hurt any U.S. soldier in Iraq. Positive factor for the markets is that China's Vice Premier Liu He ‘’Phase...