If someone would’ve asked me about the wealthiest company in the world, I would probably say Google or Apple because of their huge market share.
Recently, Saudi Arabia’s state-owned oil company, Aramco, is making all the noise in the market.
With a profit of $111 billion, Aramco was the most profitable firm in 2018 followed by Apple, which made $60 billion that year.
Giving away 1.5% of the company’s shares, the world’s biggest initial public offering (IPO) is set to offer a blockbuster offering worth between $24 billion and $25.6 billion.
For institutional investors the public offer opened on November 17 and for retail investors, the issue will open on November 28.