Nov 12, 2019

How Saudi Aramco's IPO could stack up

Data: Renaissance Capital; Chart: Axios Visuals

Known unknowns abound about the Saudi Aramco IPO expected this year on Saudi Arabia's' domestic exchange, including what the offer price will be and just how much of the company will be floated.

The big picture: Even still, the expected sale of just a tiny percentage of the company valued at well over a trillion dollars could be the biggest IPO in history.

Go deeper: New Aramco IPO prospectus touts strengths amid investor questions

Go deeper

Oil giant Saudi Aramco sets initial IPO valuation at $1.7 trillion

The Saudi Aramco oil refinery in Saudi Arabia. Photo: Tom Stoddart/Hulton Archive/Getty Images

Saudi Arabian state-owned oil giant Saudi Aramco said in an updated prospectus Sunday that it has set an initial valuation of $1.6 trillion to $1.71 trillion.

Why it matters: The IPO could potentially be the world’s biggest, though it does fall short of Saudi Crown Prince Mohammed bin Salman's hopes of a $2 trillion valuation.

Go deeperArrowNov 17, 2019

Podcast: When the biggest IPO isn't big enough

Saudi Aramco is taking the world's largest oil producer public in what is expected to be the largest IPO of all-time — but it will be smaller than expected. Dan digs in with Axios' Ben Geman on what this means for global financial and energy markets, plus the future of Saudi Arabia.

Go deeper: Saudi Aramco's shrinking IPO

Keep ReadingArrowNov 18, 2019

Saudi Aramco's IPO is huge and limited at the same time

Illustration: Eniola Odetunde/Axios

There's a split-screen effect with the Saudi Aramco IPO: it's simultaneously the largest ever and an event that's less consequential than initially envisioned.

Driving the news: The company yesterday said shares would be priced at 32 riyals, or $8.53, per share on the country's domestic exchange, representing a $1.7 trillion valuation.

Go deeperArrowDec 6, 2019