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Saudi Aramco raises $25.6b in largest-ever IPO

Saudi Aramco raises $25.6b in largest-ever IPO

Saudi Aramco has raised a record $25.6 billion in its IPO in Riyadh. The share sale was the biggest to date, surpassing that of China’s Alibaba. The IPO relied on domestic and regional investors after receiving a lukewarm interest from abroad. The IPO values the company at $1.7 trillion when trading begins.

Chris
Chris
michael zubas
michael zubas 8 months

And the Petro Dollar has been Cashed out. Long Live the Saudi King.

atlas shrugged
atlas shrugged 8 months

What happens if they decide to privatize it a few years from now?

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