Sunday, November 17, 2019 / 05:33PM /
By Proshare Research / Header Image Credit: Reuters
Saudi Aramco has released five (5) Steps/Offer Subscription Process to its Initial Public Offering (IPO). Below are the steps to guide you on the account in order to purchase the shares.
The price range of the subscription is between 30 and 32 royals ($8-8.53), setting a valuation of $1.6 - $1.7 trillion for the world most valuable company.
Step 1 - Get Ready
You simply need an active current account at one of the participating banks
Step 2 - How To Subscribe
Visit the ipo.saudiaramco.com website for information about the offer and how to subscribe for shares directly with your bank.
Step 3 - Investment Decision
Read the prospectus and discuss with your financial advisor. Decide how much money you will like to invest at the top end of the offer price range. If priced below the top end, investors can choose extra shares or refund into your bank account.
Understanding Price Range
The price range sets the minimum and the maximum price per share institutional investors can bid between during the IPO offering. The range will be announced soon. The final share price will be set within the range following the end of the retail subscription period.
Step 4 - Allocation of Shares
Based on overall demand you may or may not receive your order in full and any excess money will be refunded without deductions or fees.
Step 5 - Listing and Trading
The shares start trading and you can watch the changes in Aramco's share price.