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Aramco Starts IPO With Prince’s Economic Vision at Stake

Aramco announces plans to list shares on Riyadh stock exchange
IPO is key to Crown Prince’s grand plan to cut reliance on oil

Saudi Aramco may be worth $1.5 trillion or less. Bloomberg’s Matthew Martin reports.(Source: Bloomberg)

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By Matthew Martin, Javier Blas, and Archana Narayanan

November 3, 2019 at 5:02 AM UTC

Updated on

November 4, 2019 at 10:23 AM UTC

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Saudi Arabia is pulling out all the stops to ensure the success of Aramco’s initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world’s largest oil producer.