Claimed to be the world's biggest, most valuable and most profitable company, Saudi Aramco shares hit the stock market Thursday. But doubts on many levels kept the IPO domestic, and global investors took a rain check
Saudi Arabia has listed the world's most profitable company on the stock market in what is currently the world's largest IPO. Right now, shares are only being traded on the Tadawul Exchange in Riyadh.
The Saudi state oil company has set a share price for its much-anticipated initial public offering. Despite Aramco's massive profitability, the investment won't be free of risk.
State oil giant Saudi Aramco has revealed details of its highly anticipated initial public offering, expected to be the largest in history, in a new prospectus. The offering is set to begin on November 17.
Following delays, Saudi Arabia has given the green light to a small initial public offering of Aramco stock. It could become the biggest flotation of all time. DW takes a closer look.
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