EnergySource
Nov 13, 2019
The Saudi Aramco IPO: A valuation saga
By
Private: Jean-François Seznec
The Saudi stock exchange in Riyadh has approved the trading of Saudi Aramco’s shares on the local stock market, signaling a rapid start to the initial public offering (IPO). The various investment banks looking to place and sell the shares to their clients have given widely different, but generally low, value to the company and the shares.