Saudi Aramco priced its long-awaited IPO at the high end of the target range on Thursday, raising $25.6 billion and giving the energy giant a valuation of $1.7 trillion in the world's biggest stock sale. Aramco priced its initial public offering at 32 riyals ($8.53) ...
Saudi Arabia pulls out all the stops to ensure Aramco IPO success
Saudi Arabia is pulling out all the stops to ensure the success of Aramco's initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world's largest oil producer. The kingdom cut taxes on the company for a third time, ...
Some banks dealing with Saudi Aramco IPO say company may be worth $1.5 trillion or even less
Saudi Aramco may be worth as little as $1.5 trillion or even less, well below the target set by the kingdom, according to research sent Sunday to potential investors by the banks involved in the company's initial public offering. The research, according to multiple investors ...
Saudi Aramco is producing more than 9.9 million barrels of crude a day as it fully recovers from the worst-ever attacks on its energy infrastructure. Output reached that level Sept. 25 and is a "little bit" higher now, Ibrahim Al-Buainain, chief executive officer of state-owned ...
The rise of state capitalism 2.0
The fall of the Berlin Wall almost 30 years ago represented a high-water mark in the retreat of the state from the global economy, signaling a defeat of socialist economics virtually worldwide. From dirigiste France to communist China, countries with widely divergent economic models ...
