Aramco replaces Apple as world’s most valueable company | DW News

Saudi Arabia’s Aramco has completed the biggest share sale of all time. Its much-awaited IPO raised 25.6 billion dollars for just 1.5% of the Saudi oil producer. That values the company at a total of 1.7 trillion dollars. It’s short of Crown Prince Mohamed Bin Salman’s target of 2 trillion, but nevertheless confirms Aramco the most valuable company in the world. The share sale mainly relied on domestic and regional investors, after limited interest from further afield.

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