Saudi Aramco raises $25.6bn in world’s biggest share sale
Image copyright Reuters
State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh.
The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.
Aramco relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad.
The IPO will value it at $1.7tn when…
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