Riyadh: Saudi Arabia on Sunday put a value of up to USD 1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of USD 2 trillion.
Aramco said it would sell 1.5% of the company in a blockbuster initial public offering worth at least $24 billion.
"The base offer size will be 1.5% of the company's outstanding shares," the state-owned energy giant said in a statement that set the price range at 30-32 Saudi riyals per share ($8-8.5). Saudi Arabia is pulling out all the stops to ensure the success of the IPO
AI Hype Reversal Could Renew Global Investor Focus On India As Capital Markets Return To Fundamentals: Report
The Raja Saab Actress Nidhhi Agerwal's Stunning Pictures Will Take Your Breath Away
Jhalawar School Students To Name Discovered Asteroid After Seven Children Killed In Piplodi School Building Collapse
Who Is Viral 'Chinese Trump': This US President Impersonator Has Taken Internet By Storm
