Aramco IPO

The Aramco IPO (Initial Public Offering) was when Saudi Arabia's Saudi Aramco, one of the world's largest oil companies, sold a portion of its shares to the public for the first time. This allowed private investors to buy ownership stakes in the company through the stock market, raising capital for the country and its development projects. The IPO was significant due to Aramco's massive oil reserves and global economic influence. It also aimed to diversify Saudi Arabia's economy and increase transparency by being publicly listed. The event marked a major milestone in the company's history and the global energy sector.