like aninitial public offering(IPO) or secondary offering, increasing its market cap. On the other hand, share buybacks reduce the number of outstanding shares, potentially increasing the stock price and affecting market cap in complex ways. In...
Saudi Arabia to sell $12bn worth of Saudi Aramco shares; Offering in world’s largest oil exporter to be set in range of SR26.7-SR29 as kingdom seeks fresh capital Tom Wilson, Anjli Raval, Shotaro Tani and Malcolm Moore and Ahmed Al Om...
“The locals – banks and brokers included – don’t want to be seen lending it [Aramco stock] out to sellers right now but that will change over time, and for the moment we can do the usual Saudi short through swaps, options, and futures, which is fine to get most of the risk ...
—Saudi Aramco IPO could be overvaluedby as much as 35% Don’t miss the dailyTerm Sheet, Fortune’s newsletter on deals and dealmakers. Latest in Finance 21 hours ago Finance-compensation DEI has fallen out of favor—but many CEOs still have their pay tied to pursuing its goals ...
Microsoft has become the second public US company to reach a $2T market value, after Apple did in August 2020 and two years after hitting its first $1T in value — - Shares of the software giant have gained 19% so far this year — Only Apple and Saudi Aramco had hit $2 trillion in...