Saudi Aramco’s Record IPO Will Make It More Valuable Than Apple Or Microsoft

Aramco’s IPO will value the state oil giant at $1.7 trillion.

Saudi Arabia’s state oil company, Saudi Aramco, is forging ahead with the world’s largest initial public offering, pricing its shares at the top of its indicative range with a $1.7 trillion valuation, overtaking behemoths like Apple and Microsoft for the title of the world’s largest company,Aramco priced its IPO at $8.53 per share, the top of its indicative range, meaning that it is set to raise $25.

6 billion in the world’s largest ever public offering—eclipsing e-commerce giant Alibaba’s record $25 billion listing in 2014.to list its shares on Saudi Arabia’s local stock exchange, the Tadawul, later this month., which is still short of the $2 trillion valuation sought by Crown Prince Mohammed bin Salman—but more than enough to overtake companies like Apple, worth $1.17 trillion, and Microsoft, worth $1.14 trillion.

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