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Saudi Arabia values oil giant Aramco far below original target

Video Credit: Al Jazeera STUDIO - Duration: 01:36s - Published
Saudi Arabia values oil giant Aramco far below original target

Saudi Arabia values oil giant Aramco far below original target

The government is preparing Saudi Aramco for what could be the world's biggest-ever initial public offering.


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Saudi Aramco Saudi Aramco Saudi Arabian petroleum and natural gas company

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Apple just became the first US-listed company to reach a $2 trillion market capitalization. Apple shares rose 1.2% to an all-time high of $467.84 per share on Wednesday to reach the $2-trillion milestone. Oil giant Saudi Aramco is the only other publicly listed company to ever hit a $2 trillion market value. Apple recently announced its fifth stock split in an effort to appeal to a broader base of investors. Business Insider reports Apple is set to enact a 4-for-1 split of its shares next Monday.

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Saudi Arabia Saudi Arabia Country in Southwestern Asia

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