Saudi Aramco Ipo News
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London vienna cnn business saudi arabia has just pulled off the biggest initial public offering in history raising 25 6 billion by selling shares in its giant state owned oil monopoly.
Saudi aramco ipo news. The stock s first day of trading instantly made the energy giant known. Demand during the bookbuilding period for aramco s ipo reached 106 billion with most of that generated by saudi investment. Deputy for investor services at saudi arabia s ministry of investment says that saudi aramco ipo was tip of the iceberg for opportunities the kingdom has embarked on a huge shake up of its. Saudi aramco has confirmed it is planning to list on the riyadh stock exchange in what could be the world s biggest initial public offering ipo.
Tadawul listing saudi aramco s ipo priced on dec. Aapl is currently the largest u s. Public company at a market cap of. 5 at the top end of its range a value of 1 7 trillion.
Shares of the state owned oil company. Saudi aramco raised 25 6 billion in its ipo which valued the company at about 1 7 trillion. Get breaking news delivered to your inbox aramco owned by the state. Saudi aramco the world s largest initial public offering ipo surged past expectations as it debuted on the country s stock exchange on wednesday morning.
Under the mou jxtg plans to invest in a 23 000 tons per year state of the art enb plant that will use feedstock from the amiral complex in jubail located on saudi arabia s eastern coast. For perspective apple ticker.