EnergyWatch

Aramco raised USD 25.6 billion in world's biggest IPO

Oil giant Saudi Aramco has raised USD 25.6 billion by selling 1.5 percent of the company's equity. It is the largest initial public offering to date.

Photo: Maxim Shemetov/Reuters/Ritzau Scanpix

State-controlled Saudi oil company Aramco has raised USD 25.6 billion by divesting 1.5 percent of its equity.

This is the largest initial public offering on record, valuating the oil giant at the astronomical sum of USD 1.7 trillion.

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