Saudi Aramco IPO's retail offer fully covered with $8.7 billion in orders - lead manager

RIYADH (Reuters) - The retail portion of Saudi Aramco's initial public offering (IPO) has been fully covered, with orders reaching 32.57 billion Saudi riyals (£6.77 billion), lead manager Samba Capital said on Wednesday.The state-owned oil giant plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the IPO at as much as 96 billion riyals ($25.6 billion) and giving the company a market value of between $1.6 trillion and $1.7..