Saturday, December 21, 2019

Aramco has become the world's biggest IPO,


 topping the $25 billion 2014 listing of China's Alibaba, despite limited interest from foreign investors leading it to cancel roadshows in New York and London.

It opted instead to sell just a 1.5% stake in Riyadh and rely mainly on domestic and regional buyers.

Some analysts said there could be a lag before the Aramco price settles and some investors take profits from the IPO.

"After Aramco hits $2 trillion, investors will ..

Read more at:
//economictimes.indiatimes.com/articleshow/72487148.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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