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Survey: Funds Expect Saudi Aramco To Be Valued Around $1-1.5 Trillion

TedTed
in The Bullpen
FYI: Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday.
The valuation of Aramco IPO-ARMO.SE, the world's biggest oil firm, has been the focus of intense speculation since the Saudi government last year announced plans to sell up to 5 percent of it and list the shares in Riyadh and at least one foreign stock exchange.
Regards,
Ted
http://www.reuters.com/article/us-saudi-aramco-ipo-value-idUSKBN16D14Y
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