IFLR1000

Saudi Aramco Tadawul IPO

5/12/2019
IPO
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SR 96 billion

$ 25.6 billion

Completed

5/12/2019

Overview:

  • Saudi Aramco undertook its IPO on the Tadawul stock exchange. 
  • Saudi Arabia's state-owned oil company sold three billion shares - or 1.5% of its share capital - and raised $25.6 billion, making it the largest IPO to date. 

Ben Naylor - Editor

Jurisdictions:

United States
United Kingdom
Saudi Arabia

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sectors:

Government and public policy
Oil and gas

Firms:
Latham & Watkins

Party: Morgan Stanley (Underwriter)

Party: Bank of America Merrill Lynch (Underwriter)

Party: Citigroup Global Markets Ltd (Underwriter)

Party: Credit Suisse (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: HSBC Holdings (Underwriter)

Party: JPMorgan Chase (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: NCB Capital (Underwriter)

Lawyers: Ian Schuman, Marc Jaffe, Nomaan Raja, Salman Al-Sudairi

White & Case

Party: Saudi Aramco (Issuer)

Lawyers: Gary Kashar, Inigo Esteve, Sami Al-Louzi

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