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Bloomberg: Saudi Aramco needs $60-$70 oil for IPO 

September 15, 2017 3:47 pm


Emad Mostaque, co-chief investment officer at Capricorn Fund Managers, and Bloomberg’s Javier Blas discuss a potential delay for the initial public offering (IPO) of Saudi Arabia’s state-owned oil company Saudi Aramco.

Should Saudi Arabia achieve its Aramco valuation of $2 trillion, the 5 per cent stake it plans to sell would raise about $100 billion.

That would eclipse the $25 billion raised by Alibaba Group Holding Ltd. in 2014, the current record.


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By Hadi Khatib
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