Aramco declares $1.71 trillion valuation in blockbuster IPO

Sunday, 17 November 2019
Aramco declares $1.71 trillion valuation in blockbuster IPO

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion. Aramco said it would sell 1.5 per cent of the company in a blockbuster initial public offering worth at least $24 billion. "The base offer size will be 1.5 per cent of the...

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News video: Aramco IPO range values Saudi oil giant at up to $1.7 trillion

Aramco IPO range values Saudi oil giant at up to $1.7 trillion 02:02

Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion touted by Saudi's crown prince but still vying for the title of the world's biggest IPO. Emer McCarthy reports.

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