This article is more than
5 year oldSaudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.
The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding...
TO READ THE FULL STORYNewer articles
<p>The deployment of Kim Jong-un’s troops has added fuel to the growing fire in recent weeks. Now there are claims Vladimir Putin has put them to use.</p>