Omani Energy Firm Raises Record $2B From Unit’s IPO

Oman’s state energy company raised $2 billion from the initial public offering of its exploration and production business, marking the sultanate’s biggest listing on record.

OQ SAOC sold 2 billion shares, or a 25% stake, in OQ Exploration & Production at 390 baisas ($1.01) per share, according to a statement Thursday. That’s the top end of a range that started at 370 baisas apiece, and values the firm at $8.1 billion.

The deal…