Will The Aramco IPO Help Saudi Arabia Meet Its Vision 2030 Goals?

Announcing the development on November 3, Saudi Aramco said that the offer period will run from November 17 to December 4, and the IPO would be priced on December 5. The pricing was duly announced at the top of its indicative range, at SR32 ($8.53) per share. The total of $25.6 billion exceeds the $25 billion flotation of e-commerce colossus Alibaba in 2014, previously the biggest in history, but is nonetheless lower than some analysts had anticipated. While there was some international interest in the offering, Saudi Aramco principally relied…