---
title: ""Saudi Arabian state-owned oil giant Saudi Aramco said in an updated…"
date: 2019-11-17
source: facebook
type: Archer T. Ships shared a link.
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# "Saudi Arabian state-owned oil giant Saudi Aramco said in an updated…

*November 17, 2019 · Facebook*

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[https://www.axios.com/saudi-aramco-17-trillion-ipo-oil-valuation-6108d040-413e-48d7-8335-5750c30e6805.html?utm_source=facebook&utm_medium=social&utm_campaign=onhrs](https://www.axios.com/saudi-aramco-17-trillion-ipo-oil-valuation-6108d040-413e-48d7-8335-5750c30e6805.html?utm_source=facebook&utm_medium=social&utm_campaign=onhrs){target="_blank"}
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\"Saudi Arabian state-owned oil giant Saudi Aramco said in an updated prospectus Sunday that it\'s set an initial valuation of \$1.6 trillion to \$1.71 trillion.\
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Why it matters: The IPO could potentially be the world's biggest, though it does fall short of Saudi Crown Prince Mohammed bin Salman\'s hopes of a \$2 trillion valuation.\
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By the numbers: Aramco said it intends to raise up to 96 billion riyals (\$25.6 billion) by selling 1.5% of its shares at 30-32 riyals (\$8-\$8.5).\"
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