Aramco IPO expected to transform global stock market
Saudi Arabia could raise US$75b with sale of 5% stake, with Aramco valued at US$1.5t; more state assets to be sold
Fri, Jan 26, 2018 - 5:50 AM
The Aramco stand at the 2018 North American International Auto Show on Jan 16, 2018, in Detroit, Michigan. The market capitalisation of Aramco will be almost twice that of Apple.
MONEY managers in the Middle East are confident the sale of government-owned Saudi Arabian Oil Co this year will shake up the global stock market with a record initial public offering that gives the world's biggest company a valuation of about US$1.5...