“Saudi Arabian Oil Co., or Aramco, the world’s largest oil producer, said on Friday that it is considering an initial public offering. It confirmed an interview with Deputy Crown Prince Mohammad bin Salman published in the Economist Thursday. The company could be worth anything from $1 trillion (€910bn) to upwards of $10 trillion, which would make it the most valuable company in the world, according to research firm Capital Economics. The last mega IPO from the oil industry was a decade ago, when Russia’s OAO Rosneft raised more than $10bn. Even if Saudi Arabia sells a small stake, a listing could easily surpass that of Alibaba Group Holding Ltd. whose $25bn IPO is the largest on record.”
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