Thursday Recap: No Rate Cut for India & Aramco’s IPO

Aramco IPO is here The oil-producing giant has priced its initial public offering at the high end of the target range to give it a total valuation of $1.7 trillion. 3 billion shares will be sold, which means investors will have the opportunity to buy a grand total of - wait for it - 1.5% stake of the company. On the Saudi Exchange, the high of the valuation target is 32 Saudi Riyals, ($8.53), a total offering of $25.6 billion.