Saudi Aramco to launch world's biggest IPO of $2 tn in 2018
The world's largest oil producer Saudi Aramco has said that it will be ready to launch its initial public offering (IPO) in 2018, which could value the firm at around $2 trillion, officials said. This would make it the world's biggest IPO in history. Notably, Aramco has increased its oil production to record levels in recent months.