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 mentioned in the text?

How does the recent IPO compare to other IPOs in the Kingdom according to the text?

What figures were provided regarding the institutional side of the offering?

What is the significance of the deal with the UAE mentioned in the text?

What was the initial perception of the IPO just a few weeks ago?