Home Breaking Aramco IPO valued at $1.7trn

Aramco IPO valued at $1.7trn

by LLB Reporter
6th Dec 19 9:35 am

Saudi Arabia’s state-owned oil company Aramco has announced their stock price at $8.53 per share laying the ground work for a $25.6bn sale.

The sale could be the largest ever initial public offering (IPO), the figures released also affirms a $1.7trn valuation for Aramco.

Saudi Arabia’s Crown Prince Mohammed bin Salman is part of the plan to sell a 1.5% stake to help fuel the Kingdom’s economy.

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