As investors balked, some bankers and Saudi officials still hoped to achieve the crown prince’s target price of $2 trillion. They wound up settling for less.
Author: Kate Kelly and Stanley Reed
Saudi Aramco to Raise $25.6 Billion in Biggest I.P.O. Ever
Aramco, the world’s largest oil company, set a price for its shares that marks the company’s value at $1.7 trillion.