Aramco IPO Bids Reach $44.3 Billion as Retail Offer Ends

The video discusses the recent IPO's retail tranche, which closed with 1.5 times coverage, considered lackluster compared to previous oversubscribed IPOs in the Kingdom. The focus is primarily domestic, but there is some international interest, with 10.5% of funds from outside the Kingdom and a deal with the UAE. Institutional subscriptions are stronger at 1.8 times, with efforts to attract more international investors, including sovereign wealth funds.

What was the coverage ratio for the retail tranche of the IPO?

• 2.0 times

• 1.5 times

• 2.5 times

• 1.2 times

How does the retail tranche coverage compare to other IPOs in the Kingdom?

• It is much lower

• It is slightly lower

• It is about the same

• It is significantly higher

What is the subscription rate for the institutional side of the offering?

• 1.5 times

• 1.8 times

• 1.2 times

• 2.0 times

Which country has a deal to invest in the IPO?

• Saudi Arabia

• United Arab Emirates

• Qatar

• Bahrain

What type of investors are being targeted to broaden the investor base?

• Individual traders

• Local banks

• Sovereign wealth funds

• Retail investors