Individual investors eyes turn to Saudi Arabia waiting for announcing Saudi Aramco IPO price range tomorrow, which will be the IPO's launch date for them.
While the official announcement ofthe offering price of the subscribed shares will be on December 5th.
A brief bulletin issued by Saudi bankssaid that the period of book building for the launch of "Saudi Aramco IPO"is scheduled to start from Sunday, and will continue until December 4, so individualinvestors will subscribe based on the highest price range to be announced bythen. While, the subscription will expire on the 28th of this month.
Estimates of unofficial pricescenarios have indicated several possibilities, including a subscription priceof Aramco's share of SAR37.5, or $10, if the market value of Aramco iscalculated at about two trillion dollars.
While expectations for the secondpossibility point to an offer price of SAR32.8 or $8.7, if the market value reachesat $1.7tn.
The third possibility goes to theshare price of SAR28 or $7.5, if the market value is valued at $1.5tn, whilethe fourth possibility is expected to be at SAR23.4 or $6.2, if the marketvalue of the company reaches $1.25tn.
Finally, the fifth possibility ofthe price to reach SAR18.7 or $5, if the market value of the company is onetrillion dollars.
A prospectus issued by Samba Capital& Investment Management Company, which manages the IPO, said the guidelinesfor Saudi Aramco IPO indicated that the IPO wouldbe available to individual investors based on a set price, the highestfor the price range to be announced as the IPO begins on Sunday.According to the prospectus, the subscriptionperiod for the underwriters in the category of companies and institutions willstart on the 17th of this month and end on the fourth of next month, while thenumber of shares of the company is SAR200bn, with a capital of SAR60bn ($16bn),without nominal value.
