Saudi Aramco raises $25.6bn in world's biggest share sale
These are external links and will open in a new window/ State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering (IPO) in Riyadh. The share sale was the biggest ever, surpassing that of China's Alibaba which raised $25bn in 2014 in New York. The firm relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad. The IPO values Aramco at $1.7tn - short of its $2tn target, but making it the most valuable listed company on earth. The share sale is at the heart ...
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