Saudi Aramco Breaks Record With Historic $25.6 Billion IPO | NBC News NOW

Channel: NBC News
Published: 9 hours ago

Description
NBC News’ Stephanie Ruhle explains why the big market debut of the state-owned oil company, Saudi Aramco, may not be as big a win as some think. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innova...



Transcript
Saudi aramco, what is it only the biggest ipo in history? Twenty five point: six billion dollars: that's the amount of money that raised that is well ahead of apple well, ahead of microsoft, so you think about big, huge global companies child's play compared to its saudi aramco. Just priced and like so many ipos, the deal is free shares are already up ten percent. That doesn't mean much to have at ...
the valuation, with the deal and their market being open and up ten percent. The valuation is currently one point. Eight eight trillion dollars get your head around that, but here's what's interesting, twenty five billion dollars huge number: you know what number they wanted you knowwhat mbs was looking for. Let'S say a year ago, one hundred billion twenty five is a far cry from one hundred and of that twenty five billion it was majority bought by saudi investors. Just a year ago, before we saw such divide such backlash from us investors really from the us public against saudi arabia, you would have seen us investors flooding into a deal like this, but, alas, it's mostly a saudi deal. It'S still very big, but basically a quarter. The size they originally planned, so it's a win, not quite the win they planned on, but at twenty five billion. That'S a big deal. A big number keep your eye on it: hey nbc newsviewers, thanks for checking out our youtube channel subscribe by clicking on that button down here and click on any of the videos over here to watch. The latest interviews show highlights, and digital exclusives thanks for watching.



Watch Next

Loading...