Despite its sky-high valuation, the Saudi Aramco IPO was no success Despite its sky-high valuation, the Saudi Aramco IPO was no success When Saudi Aramco launched its IPO on the Tadawul (the Saudi stock market) earlier this month, it quickly became the world’s most valuable listed company, with a valuation of $1.7 trillion. It is now worth more than the next five largest hydrocarbon companies — ExxonMobil, Total, Royal Dutch Shell, Chevron and BP — combined. Yet [...]
