Uncertainty remains after Saudi Aramco announces IPO plans
Valuations of oil giant range from $1.2-trillion to $2.3-trillion
04 November 2019 - 19:36
Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from about $1.2-trillion (R17.7-trillion) to $2.3-trillion.
The state oil giant, the world’s most profitable company, fired the starting gun on its initial public offering (IPO) on Sunday after a series of false starts that had kept the investment world guessing...
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