Standard Chartered is the second-largest shareholder in the mid-sized Chinese lender with a 20 per cent stake.
Standard Chartered is the second-largest shareholder in the mid-sized Chinese lender with a 20 per cent stake.
One of China’s largest state-owned lenders is looking to raise around 28.4 billion yuan, which could potentially be the world’s fourth-largest listing this year behind Alibaba, Uber and Budweiser Brewing.
Aramco is seeking as much as US$25.6 billion by selling a 1.5 per cent stake. The company would raise US$24 billion if the deal prices at the lower end – just shy of the US$25 billion raised by Alibaba Group Holding – currently the world’s largest IPO.
Aramco is seeking as much as US$25.6 billion by selling a 1.5 per cent stake. The company would raise US$24 billion if the deal prices at the lower end – just shy of the US$25 billion raised by Alibaba Group Holding – currently the world’s largest IPO.
While the Saudi government has not disclosed the size of the IPO, retail investors will be offered 0.5 per cent of the state-owned company’s shares.
While the Saudi government has not disclosed the size of the IPO, retail investors will be offered 0.5 per cent of the state-owned company’s shares.
