Saudi oil giant Aramco gets go-ahead for $1.5tn stock listing
by Jillian Ambrose and Patrick Collinson from 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...