These Are All the Ways a Saudi Aramco IPO Could Impact Markets
- Share offering to send wave across assets from oil to forwards
- Kingdom’s state crude producer is largest company in world
How Big a Deal Is the Aramco IPO for Saudi Arabia?
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The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
The highly-anticipated share sale has become emblematic of Saudi Arabia’s push to transform its economy and open its doors to more foreign capital. Whatever you think of the valuations involved -- be it the $2 trillion once suggested by Crown Prince Mohammed bin Salman or the $400 billion estimate said to have been made by consultant Wood Mackenzie Ltd. -- the offering has the potential to make waves in markets from Tokyo to Toronto.