IPO of superlatives: Finally, hot details about Saudi Aramco

saudi_Aramco

For decades, Saudi Aramco was a giant with no profile: everyone knew that the oil company was making billions, but how much was always unclear. Now, before the historic IPO, details leaked for the first time.

Apple, Amazon and the Google mother alphabet are running a race for the first group with a market value of one trillion dollars. But it would have to be more precise: the first group with a market capitalization of more than 1,000 billion US dollars.

Currently, Apple comes to 883 billion, Amazon to 701 billion and Alphabet to 719 billion US dollars stock market value. But that’s nothing compared to Saudi Aramco, the Saudi oil giant, which is said to be worth $ 2 trillion

A small part of the Saudis want to go public, and for the first time leaked to the business Saudi Aramcos concrete figures to the outside. For decades, the result of the group was accessible only to a small circle of initiates.

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