Aramco IPO Aims to Value Energy Giant At Up to $1.7 Trillion

📆 11/17/2019 10:00 PM
📰 WSJ

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Saudi Aramco is aiming for a valuation of up to $1.7 trillion from its planned IPO, falling short of the initial $2 trillion targeted by Crown Prince Mohammed bin Salman

Saudi Aramco said it is aiming for a valuation of $1.6 trillion to $1.7 trillion from the planned initial public offering of the state-owned energy giant, falling well short of the initial $2 trillion targeted by Saudi Crown Prince Mohammed bin Salman in what could still be the world’s biggest ever IPO.

In a statement Sunday, Aramco said that it aims to price the offering at between 30 and 32 Saudi Arabian riyal a share and sell a stake of 1.5%, or 3 billion shares, in the IPO. At the midpoint of the...

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Saudi Aramco IPO Price Range Values Company at Up to $1.7 TrillionSaudi Arabia’s state-owned energy giant is aiming for a valuation of $1.6 trillion to $1.7 trillion from its planned initial public offering, falling well short of the initial $2 trillion targeted by Crown Prince Mohammed bin Salman.
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