The New Saudi Aramco IPO Is Massive
December 05, 2019 at 14:03 PM EST
Saudi Arabia just generated the most sizable initial public offering in history, raising $25.6 billion by selling 3 billion shares in its giant state-owned oil monopoly. Saudi Aramco priced the massive 3 billion shares at 32 riyals ($8.53) each in its IPO, according to a source familiar with the...