Saudi Aramco Shares Soar in Debut, Closing in on the Kingdom’s Coveted $2 Trillion Valuation

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.