Saudi Aramco IPO set to value company up to $1.7 trillion

Reuters Finance 3 weeks ago

DUBAI (Reuters) - Saudi 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 that the Saudi crown prince had previously targeted, making it potentially the world’s biggest IPO.

Aramco said on Sunday it plans to sell 1.5% of its shares or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals, valuing the initial public offering (IPO), as much as 96 billion riyals ($25.60 billion) at the top end of the range.

Aramco could just beat the record-breaking $25 billion raised by Chinese e-commerce giant Alibaba (BABA.N) when it made its stock market debut in New York in 2014.


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The New York Times › Finance › 3 weeks ago
Saudi 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 that the Saudi crown prince had previously targeted, making it potentially the world's biggest IPO.
The New York Times › Finance › 3 weeks ago
Saudi Aramco is worth up to $1.7 trillion (£1.3 trillion) at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's biggest IPO.
RT › Finance › 3 weeks ago
The price range for Saudi Aramco shares published on Sunday ahead of an IPO indicates that the value of the oil giant is between $1.6 trillion to $1.7 trillion, which falls short of the initial $2 trillion target. Read Full Article at RT.com
Axios › Finance › 3 weeks ago
Saudi Aramco said in an updated prospectus Sunday that it's set an initial valuation of $1.6 trillion to $1.71 trillion.Why it matters: That would make the oil giant's IPO potentially the world’s biggest, but it falls short of Saudi Crown Prince...
Business Insider › Finance › 1 month ago
Saudi Aramco officially kicked off its IPO on Sunday, saying that that it plans to list its shares in Riyadh. The IPO has been long-awaited, with Saudi officials valuing the company at $2 trillion. Bloomberg, citing analysis that banks are sending to...
Business Insider › 1 month ago
Saudi Aramco officially kicked off its IPO on Sunday, saying that that it plans to list its shares in Riyadh. The IPO has been long-awaited, with Saudi officials valuing the company at $2 trillion. Bloomberg, citing analysis that banks are sending to...
Business Insider › Technology › 1 day ago
Apple just got dethroned as the world's largest public company. Apple was valued at $1.2 trillion after Tuesday's close. On Wednesday it got overtaken by Aramco. Aramco surged 10% on its opening day, and is now worth just shy of $1.9 trillion. Aramco's...
Business Insider › 19 hours ago
Saudi Aramco posted a second-day surge to the $2 trillion mark. Aramco's stock rallied 8.2% after pushing up 10% on its first day of trading Wednesday. At $2 trillion, Aramco is worth more than Berkshire Hathaway, Facebook, and Amazon combined. View...
Business Insider › Finance › 1 day ago
Saudi Aramco's $1.88 trillion IPO could end up weakening Saudi Arabia, rather than strengthen or invigorating it. Attacks on Saudi oil facilities this year showed its vulnerability to military strike. It will be even more sensitive now that Aramco has...
Business Insider › Finance › 1 week ago
Saudi Aramco is expected to be valued at $1.7 trillion in its upcoming initial public offering, The Wall Street Journal reported Thursday. The company expects to raise $25.6 billion from the IPO, according to the report. That means it's the largest...
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