Saudi Arabia's state oil company Saudi Aramco listed on the Riyadh stock exchange in December 2019, raising 25.6 billion dollars in what became the largest IPO in history, valuing the company at approximately 1.7 trillion dollars. The offering, central to Crown Prince Mohammed bin Salman's economic diversification plans, sold only a small fraction of the company's shares and drew most investor demand from domestic and regional buyers rather than the international investors initially targeted. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Event TypeInitial public offering 1 Connections
Associated With
The Saudi Aramco December 2019 initial public offering, the largest in history at over 25 billion dollars raised, is a finance-practice case study in state-owned enterprise privatization and valuation.
Source Wikipedia, Saudi Aramco IPO
Saudi Arabian Oil Company (Saudi Aramco) is the company that listed on the Tadawul exchange in this 2019 initial public offering, the largest IPO in history at the time.
Source Wikipedia, Saudi Aramco IPO
Companies Involved
Source Wikipedia, Saudi Aramco
Sources
1. Wikipedia, Saudi Aramco IPO
WikipediaLead section
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company, and the national oil company of Saudi Arabia.
- Associated With: Saudi Arabian Oil Company
- Associated With: Finance
View the Source Wikipedia, Saudi Aramco
WikipediaCompanies Involved: Saudi Aramco, Wikipedia section: 2019 initial public offering (IPO)Quote, Companies Involved: Saudi Aramco, Wikipedia section: 2019 initial public offering (IPO)
Aramco announced on Sunday 3 November 2019 its plan to list 1.5% of its value as an IPO on the Tadawul stock exchange.
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