Saudi Aramco Shares Soar in Debut, Closing in on the Kingdom’s Coveted $2 Trillion Valuation
- Date: 11-Dec-2019
- Source: Fortune
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Aramco Shares Soar in Debut, Closing in on the Kingdom’s Coveted $2 Trillion Valuation
Aramco, which manages Saudi Arabia's vast oil wealth, set a world record with its IPO on Wednesday, raising $25.6 billion and beating Alibaba's previous mark set in 2014. Still, Western investors largely sat this one out.