Saudi Arabia is expected to greenlight a small initial public offering of Aramco, a company that is valued by the Kingdom at $2 trillion but experts believe it is closer to $1,5 trillion.

The listing has been sought after by the Stoch Markets of Hong-Kong, London, and New York but the company will be first floated on the Tadawul exchange in Riyadh, where local investors are expected to dominate.

The company is fully owned by the Saudi government and is only planning to make a 3% offering. But it’s a start. And this is likely to be followed by a 5% listing outside the country. Advisers working on the sale expect a commission $450 million, Bloomberg reports

https://www.neweurope.eu/article/aramco-towards-the-worlds-most-anticipated-ipo/

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