Taggatz Stock Market Advisory – Saudi Aramco

Mark Taggatz, CEO of Taggatz Stock Market Advisory provides commentary for Saudi Aramco.
 
SAN DIEGO - Dec. 6, 2019 - PRLog -- Saudi Arabia has just pulled off the largest IPO in world history by selling shares in the state-owned oil monopoly. Saudi Aramco raises $25.6 billion.

Saudi Aramco sold  three billion shares at 32 riyals ($8.53 USD) each in its IPO.  That means the deal raised more than China's Alibaba in its 2014 public debut.

The IPO values Aramco at roughly $1.7 trillion, making it the most valuable publicly traded company in the world ahead of Apple which is worth about $1.15 trillion.

Aramco did not say when shares would start trading on the Saudi stock market but two sources said it was scheduled for December 11, 2019.

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Disclaimer: The following information from Taggatz Stock Market Advisory is for informational purposes only and is not an offer to buy or sell securities. Taggatz Stock Market is not a FINRA broker-dealer or Registered Investment Advisor. Taggatz Stock Market advisory does not own stock in any of the companies mentioned in this release. Taggatz Stock Market Advisory has not been paid by any of the companies mentioned in this release.

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Tags:Saudi Arabia
Industry:Investment
Location:San Diego - California - United States
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