Saudi Aramco IPO Price Range Values Company at Up to $1.7 Trillion

By Ben Dummett Updated Nov. 17, 2019 3:28 am ET Saudi Arabia’s Aramco said it aims 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 Crown Prince Mohammed bin Salman in what could be the world’s biggest ever IPO.

It would give the company a total valuation of $1.65 trillion. That would mark a big come down for the Crown Prince’s initial goal of selling $100 billion worth of stock in the IPO and the targeted $2 trillion valuation. Still, setting a price target below the crown prince’s original pronouncement acknowledges the operational, geopolitical and governance risks that investors face betting on the offering.

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