Saudi Aramco announced plans to go public on Sunday, with the oil giant poised to determine its final launch price over the coming weeks.
plans to go public on Sunday, with the state-owned oil behemoth poised to determine its final launch price over the coming weeks.
However, if Saudi Aramco, the most profitable company in the world, achieves a valuation of $1.5 trillion next month, it will far exceed the market capitalization of the California-based tech behemoth. "There is a sort of halo effect which I think is understated to some extent in the context of what they are trying to do as part of these long-term plans."
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