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Saudi Aramco raised $26 billion in its record-shattering IPO — but banks will get paid an abnormally small 0.25% of that
Banks that worked on the IPO are slated to be paid a combined $64 million, Bloomberg reported Thursday.
Saudi Arabia’s oil company is now worth a record-breaking $2 trillion. Meet Mohammed bin Salman, the 34-year-old crown prince who’s at the...
Saudi Aramco, the state-owned oil company, is now worth $2 trillion, making it the most valuable public company in the world.
‘Too much, too soon’: A Wall Street firm is urging investors to dump Saudi Aramco’s stock as the company’s valuation spikes ab...
"For investors who have benefited so far, we would take profit here," Bernstein analysts wrote in a note Thursday.
Crown Prince Mohammad bin Salman had been seeking a $2 trillion valuation to fuel plans to diversify the Saudi economy. Aramco's stock rallied 8.2% after a 10% surge on its first day of trading Wednesday.
Saudi Aramco isn’t the best-performing stock debut of the day. Brazilian finance firm XP skyrocketed 24% in its multibillion-dollar IPO.
XP's debut follows a slew of IPO flops in 2019, with Uber, Peloton, and Lyft's IPOs all erasing hundreds of millions of dollars in investor wealth.
Saudi Arabia is on a roll with Aramco, Ruiz vs Joshua, and a new tourist visa. Mohammed bin Salman could use these ‘wins’ to whitewash his...
The Saudi crown prince has been trying to rehabilitate his image since the murder of journalist Jamal Khashoggi last October. He might be succeeding.
Apple just got dethroned as the world’s largest public company after Aramco’s dizzying $1.9 trillion IPO
Aramco is worth more than the top US energy firms combined. If it were a country, it would have the world's ninth-largest GDP, ahead of Brazil and Canada.
Saudi Aramco shares spike 10% on its opening day of trading — valuing the company at a massive $1.9 trillion
The spike gives the oil-giant a mammoth market value of $1.9 trillion, cementing its status as the world's largest public company.
Saudi Aramco’s IPO raised a record $25.6 billion — but an unusually low 1.5% of the company’s shares will actually trade
Most large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Alphabet all have more than 84% of their shares listed publicly.
The Saudi Arabian government invested more than $2 billion in Aramco’s record-shattering IPO — even though the nation swore to become more...
The government offered two-thirds of IPO shares to institutional investors, and government institutions bought up 13.2% of the stake.