Aramco's IPO

Saudi Aramco's IPO (Initial Public Offering) in December 2019 was when the company offered a portion of its shares to the public on the stock market for the first time. It was the world's largest IPO, raising about $25.6 billion and valuing Aramco at around $1.7 trillion. This move allowed Saudi Arabia to generate significant revenue, attract international investment, and increase transparency by listing on the Saudi stock exchange (Tadawul). Investors could now buy and sell Aramco shares, turning the oil giant into a publicly traded company while the Saudi government retained majority ownership.