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Saudi Aramco – Biggest IPO
November 3 , 2019
1849 days
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- Saudi Arabia’s giant state-owned oil company finally kick-started its initial public offering (IPO).
- The company is valued around 1.5 trillion dollars and it aims to raise $20 billion-$40 billion.
- The IPO is designed to turbo-charge economic reforms in Saudi by raising billions to build non-energy industries and diversify revenue streams.
- The record for largest ever money raised through is held by China’s e-commerce giant Alibaba (USD 25 billion in New York, 2014).
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