'Crown jewel' Aramco stirs loyal Saudi demand for giant IPO
Sunday, 17 November 2019 From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Aramco went online and to local banks on Sunday at the start of a long-delayed share sale for what could be the world's biggest initial public offering.
Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion touted by Saudi's crown prince but still vying for the title of the world's biggest IPO. Emer McCarthy reports.
Saudi Aramco started trading with a bang on the Saudi stock market on Wednesday, surging by the maximum allowed 10 percent and giving the Saudi oil giant a... OilPrice.com Also reported by •MoneyWeek •Reuters
Saudi Arabia’s state-owned oil company went public last week and quickly surpassed Apple as the world’s most valuable publicly traded company. But the Saudi... Wealth Daily Also reported by •OilPrice.com •MoneyWeek