Participants attend the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, on Dec. 11, 2019. Reuters/Marwa Rashad
Saudi Arabia’s state oil company, Aramco, has quickly become the world’s most valuable listed company upon offering a small share of itself for sale to investors.
The long-prepared initial public offering (IPO) took place last week, when 1.5 percent of Aramco sold for 32 rials (about $8.50) per share, valuing the company at $1.7 trillion.
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
