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Rate Cuts and US QE is great for HK LAND
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danger
Supreme |
11-Dec-2019 15:43
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Saudi Aramco&rsquo s shares began trading domestically on Wednesday, after the energy behemoth raised $25.6 billion in the world&rsquo s biggest initial public offering. Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in its 2014 Wall Street debut. Aramco indicative debut price is seen at 35.2 riyals, 10 per cent above IPO price, raising the company&rsquo s valuation to $1.88 trillion, Refintiv data shows. |
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