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Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPO

Reuters Sunday, 17 November 2019
Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPOSaudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion the Saudi crown prince had targeted but still making it potentially the world's biggest IPO.
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Credit: Al Jazeera STUDIO - Published < > Embed
News video: Saudi Arabia values oil giant Aramco far below original target

Saudi Arabia values oil giant Aramco far below original target 01:36

The government is preparing Saudi Aramco for what could be the world's biggest-ever initial public offering.

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