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Saudi Aramco Becomes The Worlds First $2 Trillion Company - Business - Nairaland

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Saudi Aramco Becomes The Worlds First $2 Trillion Company by romeoetin(m): 10:19pm On Dec 12, 2019

London (CNN Business)Saudi Aramco shares zoomed higher on Thursday, turning the massive state oil producer into the world's first $2 trillion company and achieving the valuation long sought by Crown Prince Mohammed bin Salman.

The stock gained 10% for a second consecutive day, reaching 38.70 riyals ($10.32) per share before giving up some of its gains.
Saudi Aramco has gained roughly $300 billion in value since its shares debuted on the Riyadh stock exchange on Monday in the biggest initial public offering on record. It's by far the most valuable company in the world, dwarfing runner up Apple, which is worth around $1.2 trillion.

The vast majority of buyers for the stock are in Saudi Arabia. Samba Capital, which managed the IPO, said Tuesday that 97% of retail investors who received shares were from the country. And more than 75% of shares sold to institutional investors went to Saudi companies, funds and government institutions


Source: https://edition.cnn.com/2019/12/12/investing/saudi-aramco-2-trillion/index.html

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Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by RichDad1(m): 10:35pm On Dec 12, 2019
And some people still believe crude oil will be useless or worthless very soon ? I laugh in Tesla grin cheesy

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Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by emeijeh(m): 10:50pm On Dec 12, 2019
So they have oil and we have oyel?


Na wah o

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Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by Crofton: 11:05pm On Dec 12, 2019
emeijeh:
So they have oil and we have oyel?

Na wah o

It's all about management, they are way better in management .

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Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by Crofton: 11:05pm On Dec 12, 2019
emeijeh:
So they have oil and we have oyel?

Na wah o

It's all about management, they are way better in management .
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by klassd(m): 11:08pm On Dec 12, 2019
This is the height NNPC is expected to attain, if the management is serious.
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by DonFreshmoney(m): 11:10pm On Dec 12, 2019
NNPC Should be the 3rd most valuable company.. dont ask me how I know

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Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by ebenezary(m): 4:36am On Dec 13, 2019
NNPC only good on paper and kwaraption


https://www.youtube.com/watch?v=mCX6rAYa9Xo
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by Koertah(f): 1:52pm On Dec 13, 2019
Very true. Those guys are so organized.
Crofton:



It's all about management, they are way better in management .
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by Fairview1: 6:26pm On Dec 18, 2019
Something about this IPO got me thinking. How can a company as ARAMCO be so valuable such that it almost doubled the market capitalisation of Apple? Almost bigger than the entire African GDP? How??


I think this IPO was influenced by the power that be hence why the shares were subscribed by majority of preference shareholders. However, this is the first listing. They will soon go to NYSE and LSE where those money bags are domiciled.
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by SocialJustice: 6:35pm On Dec 18, 2019
Fairview1:
Something about this IPO got me thinking. How can a company as ARAMCO be so valuable such that it almost doubled the market capitalisation of Apple? Almost bigger than the entire African GDP? How??


I think this IPO was influenced by the power that be hence why the shares were subscribed by majority of preference shareholders. However, this is the first listing. They will soon go to NYSE and LSE where those money bags are domiciled.


Use Google before you draw conclusions based on ignorance.
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by Fairview1: 6:47pm On Dec 18, 2019
SocialJustice:
Use Google before you draw conclusions based on ignorance.

Bros, please educate me on this. I typed all those based on the little knowledge I have about the capital market operation.

I don't take offense at if you deem it feat to put me through. Just an innocent plea. Thank you.
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by SocialJustice: 9:29pm On Dec 18, 2019
Fairview1:


Bros, please educate me on this. I typed all those based on the little knowledge I have about the capital market operation.

I don't take offense at if you deem it feat to put me through. Just an innocent plea. Thank you.
Just ask Google why Saudi Aramco is worth $2trn. It is a combination of profitability, asset base and management.
Re: Saudi Aramco Becomes The Worlds First $2 Trillion Company by Fairview1: 9:40pm On Dec 18, 2019
SocialJustice:
Just ask Google why Saudi Aramco is worth $2trn. It is a combination of profitability, asset base and management.

Okay, Thanks. I have done that. I now have a brighter perspective. Thanks a lot!

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