State-owned oil giant Saudi Aramco's IPO will be the biggest in history but concerns about corporate governance and nation's role in Middle East politics may have limited international interest. Conway G. Gittens has the details.
The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. But as Francis Maguire reports Saudi Aramco sees things differently.
Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering. Ant is Alibaba's fintech arm and China's dominant mobile-payments service. Ant raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion. When Ant goes public, its listing will likely be the largest IPO in the world.
HONG KONG, Dec. 11, 2019 /PRNewswire/ -- *AGTech Holdings Limited* ("AGTech" or the "Group", HKEX stock code:08279) announced that its wholly-owned subsidiary,... PR Newswire Asia Also reported by •WorldNews