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.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Saudi Aramco IPO set to value company up to $1.7 trillionSaudi Aramco has set a price range for its listing that implies the oil giant is...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Guild Education Is Latest Female-Led Company To Hit $1 Billion ValuationEducation software startup Guild Education announced the close of its $157 million Series D round, making it one of the few female-led companies to join the elusive unicorn club this year. GuildEducation is leading the way as one of only three female-led companies on the 2019 Forbes Cloud 100 list. Supplying 400,000 working adults with career advancement resources is an amazing accomplishment. WBCFasterTogether Very nice
Herkunft: ForbesWomen - 🏆 477. / 51 Weiterlesen »