Saudi Aramco raises $25.6bn in world’s largest IPO
Thursday, 5 December 2019 New York — Saudi Arabia’s state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6bn, two sources said. The sum raised by...
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.
· *Saudi Aramco took in an additional $3.8 billion through its record-breaking IPO by selling more shares to investors, according to a Sunday statement.*
·... Business Insider Also reported by •Reuters •PRAVDA •SmartBrief
Energy transitions “take decades, even centuries” to complete, the chairman of the world’s largest oil company, Saudi Aramco, said at a conference on... OilPrice.com Also reported by •Reuters •SmartBrief