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Saudi Aramco Will IPO 1.5% of the Most Valuable Company in the World

Saudi Aramco will raise $25.6 billion in world’s biggest I.P.O. This will be a bit bigger than the 2014 IPO of Alibaba. Aramco made a net profit of $68 billion for the first nine months of the year. This is a $90 billion annual run rate. They are pricing a PE ratio of 19 for the $1.7 trillion valuation. The shares will start trading on Wednesday. Once they are trading and assuming the price did not have a huge drop then Saudi Aramco will become the most valuable publicly-traded company in the world. Saudi Arabia repaired its droned damaged refineries

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