Saudi Aramco to raise $25.6bn in biggest IPO ever

Pedro Gonçalves
clock • 2 min read

Saudi Aramco set the price of its initial public offering at a level that would raise $25.6bn, a sum that is expected to make it the world's biggest IPO. The state-owned oil business will emerge as the world's most valuable listed company after valuing its shares at 32 riyals ($8.53) apiece before its float on Riyadh's stock exchange next week. At this price the mega-float would exceed the record $25bn debut of the Chinese online retailer Alibaba to make Aramco's IPO the biggest in history. Aramco relied on domestic and regional investors to sell a 1.5% stake after lukewarm interes...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login