Saudi Aramco raises a record $25.6bn in world’s biggest IPO

The share sale was the biggest to date, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York.


Saudi Aramco is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia.

It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world.

The state oil giant priced its long-awaited initial public offering (IPO) at the top end of its range, making it the world’s largest new listing.

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