BBC (December 6)
2019/ 12/ 08 by jd in Global News
Saudi Aramco, the state-owned oil giant, “raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh. The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.” When trading begins, it will become “the most valuable listed company in the world,” valued at $1.7tn based on the IPO.
Tags: Alibaba, China, IPO, Most valuable, New York, Oil, Record, Riyadh, Saudi Aramco, Share sale
