Apple just got dethroned as the world's largest public company after Aramco's dizzying $1.9 trillion IPO

Apple just got dethroned as the world's largest public company. Apple was valued at $1.2 trillion after Tuesday's close. On Wednesday it got overtaken by Aramco. Aramco surged 10% on its opening day, and is now worth just shy of $1.9 trillion. Aramco's valuation also is worth more than BP, Royal Dutch Shell, Exxon Mobil, and Chevron combined. If Aramco were a country, then it would have the ninth-largest GDP in the world, ahead of Brazil and Canada, and just short of Italy.

Apple just got dethroned as the world's largest public company. Apple was valued at $1.2 trillion after Tuesday's close. On Wednesday it got overtaken by Aramco. Aramco surged 10% on its opening day, and is now worth just shy of $1.9 trillion. Aramco's valuation also is worth more than BP, Royal Dutch Shell, Exxon Mobil, and Chevron combined. If Aramco were a country, then it would have the ninth-largest GDP in the world, ahead of Brazil and Canada, and just short of Italy.

Still a lot of money in oil it seems 🤔

I built the cost and profitability models

Thanks good i bought some shares🤪🤪🤪

That oil money real heavy

A lot of issues involving this company. Where is it listed again?!

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Saudi Aramco IPO: Only 1.5% of shares tradable, among lowest in world - Business InsiderMost large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Alphabet all have more than 84% of their shares listed publicly.
Source: BusinessInsider - 🏆 729. / 51 Read more »