Saudi Arabia renews push for $2tn Aramco valuation

Credit: Published on December 10, 2019
State funds and families encouraged to buy shares in pursuit of Prince Mohammed target

Credit: Wibbitz Studio
Published on December 12, 2019 -  00:52
Saudi Aramco Becomes World's First $2 Trillion Company
Saudi Aramco Becomes World's First $2 Trillion Company. The oil producer is now the most valuable company in the world, with runner-up Apple being valued at $1.2 trillion. The company gained roughly $300 billion in value after debuting on the Riyadh stock exchange Monday. The debut is the biggest initial public offering on record to date. Analysts predict the value will drop in the long term and that the valuation was "too much, too soon.”. Aramco could trade in a league of its own for some time, but the stock market is a weighing machine in the long term and the laws of economic gravity will eventually apply. , Bernstein Research Analysts, via CNN

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