World's biggest oil company looks set to launch an IPO, image via Hamad Mohammed | Reuters
Business

Aramco could be the biggest IPO in history

According to a prospectus released on Saturday by the biggest oil company in the world, individual investors can buy nothing more than 0.5% shares of Aramco. The oil giant didn’t reveal the exact size of its planned share offering but this could be the biggest Initial Public Offering in history as analysts' valuations of the company vary from $1.2 trillion to $2.3 trillion. The public listing of Aramco has been an integral part of Saudi Vision 2030.

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Sun Nov 10 - CNBC

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