A billboard displaying an advert for Aramco is pictured in the Saudi capital Riyadh. AFP via Getty ImagesFinancial analysts had projected a wide valuation range for the Aramco IPO of between $1.2 trillion to $2.3 trillion, according to figures published by Bloomberg. Despite the lower valuation, the IPO could be the world's biggest. Saudi Stock Exchange (Tadawul) sign is seen at their headquarters in Riyadh: Saudi Aramco has ... [+] announced its long-awaited stock market debut in what could be the world's biggest IPO. Aramco facilities and infrastructure could also get caught in Middle Eastern geopolitics, given Saudi Arabia's escalating regional rivalry with neighbor Iran.

Source: Forbes November 17, 2019 10:18 UTC