Dr. Ajith Kumar V.V
State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering in Riyadh. The share sale was the biggest to date, surpassing that of China's Alibaba which raised $25bn in 2014 in New York. Aramco relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad. The IPO will value it at $1.7tn when trading begins - short of its $2tn target, but making it the most valuable listed company in the world.
Source: https://www.bbc.com/news/business-50681159