Saudi Arabia controls the world’s largest Oil company Saudi Aramco on one of the largest IPOs of all time. However, analysts worry how much the group is worth it. Their estimates differ by more than a trillion dollars: they range from 1.2 trillion to 2.3 trillion.
according to insiders that Saudi Arabia wants to sell at the IPO from one to two per cent of the state group. As a result, the shares could bring in mission 20 to 40 billion dollars, and the Chinese Amazon-rival Alibaba as the world’s largest IPO of all time outdo. Its first mission in 2014 was 25 billion dollars.
What the Prince wants to
The saudi-Arabian crown Prince Muhammad bin Salman, had sought a review of two trillion dollars. However, skeptics point to the climate debate: The effort to move away from fossil fuels accelerate, and thus the price of Oil and Saudi Aramco is under pressure.
Bank of America estimates the value of the state group, to 1.2 to 2.3 trillion dollars, EFG Hermes to 1.55 to 2.1 trillion, as two Fund managers were able to view the analyses, the Reuters news Agency said. Goldman Sachs, which accompanied the IPO as one of the leading banks, a rating of 1.6 to 2.3 trillion dollars, as two insiders said. Amber said, a rating of 1.2 to 1.5 trillion, to be fair. Of the banks was initially no opinion. (reuters/red)
Created: 04.11.2019, 11:39 PM
