(Video) Rajya Sabha TV (RSTV) World Panorama: Saudi Aramco’s IPO

Topic: Saudi Aramco’s IPO

Episode: 398

Topic Description:

It’s official. The first publicly listed shares of Saudi Arabia’s state-owned oil company, Saudi Aramco, will be up for sale in early December. The widely anticipated initial public offer (IPO) of oil company Saudi Aramco could be the world’s largest. The company is expected to be valued between $1.5 trillion to $2 trillion and if it floats even 3 percent of the company's value, it could raise $45 billion which is more than double the current biggest IPO in the world to-date. But some investors are skeptical and point to particular risks associated with the state-owned oil giant including oil-price volatility and geopolitical factors.