Article 4TK8V Saudi oil giant Aramco gets go-ahead for $1.5tn stock listing

Saudi oil giant Aramco gets go-ahead for $1.5tn stock listing

by
Jillian Ambrose and Patrick Collinson
from Environment | The Guardian on (#4TK8V)

World's biggest ever IPO poised to take place next month after regulators give approval

Saudi Arabia has given the go-ahead to the long-delayed sale of its state-owned oil company Aramco, in what will be the biggest stock market flotation in history.

The milestone market debut could value Saudi Aramco at $1.5tn, significantly below initial expectations of up to $2tn, as it courts international investors for the first time.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title Environment | The Guardian
Feed Link https://www.theguardian.com/us/environment
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments