Saudi Aramco raises $25.6 billion in the world's biggest IPO

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly.
Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, the company said Thursday. That means the deal raised more than China's Alibaba (BABA) in its 2014 public debut.
The IPO values Aramco at roughly $1.7 trillion, making it the most valuable publicly traded company in the world ahead of Apple (AAPL), which is worth about $1.15 trillion.
Saudi Aramco said last month that it was aiming to sell about 1.5% of its 200 billion shares. The size of the deal could yet rise to $29.4 billion, if an option to sell more shares is exercised.

https://edition.cnn.com/2019/12/05/investing/saudi-aramco-ipo-price/index.html

Saudi Aramco raises $25.6 billion in the world's biggest IPO

Saudi Aramco raises $25.6 billion in the world's biggest IPO

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