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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

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...
Source: Reuters - 🏆 2. / 97 Read more »

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
Source: ForbesWomen - 🏆 477. / 51 Read more »