Saudi Arabia is planning to sell shares of its state-run oil enterprise to help alleviate the country's dependence on oil.
Saudi Aramco is preparing for what could turn out to be the world's largest initial public offering. The state-run oil company is currently aiming to list as much as 5% of its shares sometime between 2020 and 2021. Saudi officials have suggested Aramco may be worth as much as $2 trillion in the past, which means the company could raise close to $100 billion through an IPO. Here are 10 IPOs that Aramco could dwarf with its proposed multi-billion-dollar public offering.
Saudi Aramco is preparing for what could turn out to be the world's largest initial public offering. The state-run oil company is currently aiming to list as much as 5% of its shares sometime between 2020 and 2021. Saudi officials have suggested Aramco may be worth as much as $2 trillion in the past, which means the company could raise close to $100 billion through an IPO. Here are 10 IPOs that Aramco could dwarf with its proposed multi-billion-dollar public offering.
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