Saudi Aramco, World's most profitable company kick-starts its IPO, offers specific details

11:00:00 AM, Monday 4th of November 2019 | in business

Saudi Arabia's giant state oil company has finally kick-started its initial public offering (IPO) on Sunday. The IPO has been kick-started in Saudi's attempt to diversify its economy away from oil and could be the world's biggest IPO. The company offered few specifics on the number of shares to be sold, pricing or the date for a launch. According to the bankers, investors will likely value the company at around $1.5 trillion.