Saudi Aramco flotation values oil giant at $1.7tn
These are external links and will open in a new window/ Saudi Arabia has placed a preliminary valuation on state oil company Aramco of between $1.6tn (£1.22tn) and $1.7tn. The company has published an updated prospectus for its initial public offering (IPO), seeking more than $25bn for the sale of 1.5% of its shares. That would make it potentially the world's biggest IPO, coming from the world's most profitable company It is short of the $2tn valuation that Crown Prince Mohammed bin Salman was reportedly keen to achieve. "The base offer ...
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