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.


Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.