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Saudis weigh doubling stakes in Aramco IPO


Saudi Arabia is considering doubling the stake to be offered Aramco’s (ARMCO) much awaited IPO on the back of attacks on its oil infrastructure, WSJ reports.

The Saudi Royal Court and its advisers have been debating an eventual float of as much as 10%, doubling the country’s longstanding public intention to list just 5%.

At a hoped-for $2T valuation, a 10% float could yield $200B, eight times more than the $25B Alibaba raised in the biggest IPO in history five years ago.





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