Summary
Largest IPO in history may be on the horizon.
Saudi Arabia looking for revenue alternatives.
Even a small part of Saudi Aramco would be huge.
A number of variables would determine its attraction to investors, including the stock exchange or exchanges it would be listed on.
What this confirms about the oil market and the price of oil. In a recent interview with 'The Economist,' Saudi Arabian deputy crown prince Muhammad bin Salman said one of the things he's taking into consideration as a way to relieve the financial burden on the government from an expected prolonged period of low oil prices, is to go the IPO route with state-owned oil giant Saudi Aramco.
Not only is it the most valuable oil or energy company in the world, it's probably the valuable company in the world too.
Go here for more on investing in Saudi Aramco
Saturday, January 23, 2016
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