Saudi Aramco officially goes public | Business| Economy and finance news from a German perspective | DW | 11.12.2019
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Business

Saudi Aramco officially goes public

Saudi Arabia's state oil company Saudi Aramco has officially begun trading on its domestic stock market. In its IPO last week, Aramco raised over $25 billion dollars, giving it a valuation of $1.7 trillion. That comfortably makes it the most valuable publicly listed company in the world. However, that's not enough for the Kingdom which remains determined to have a $2 trillion valuation.

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