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Saudi Aramco becomes world's most valuable company at $1.9 trillion
short by Krishna Veera Vanamali / on Wednesday, 11 December, 2019
Saudi Aramco became the world's most valuable listed company at $1.9 trillion, nearly $700 billion more than Apple, after its shares jumped 10% on their trading debut on Wednesday. The Saudi state-run oil company raised $25.6 billion in the world's largest Initial Public Offering (IPO) beating Alibaba's $25 billion listing in 2014. Aramco sold a 1.5% stake in the IPO.
read more at The Guardian