After terrorist attacks, Saudi Aramco recovers faster than expected. The oil giant plans to start its initial public offering (IPO) in the month of October. Sources with knowledge on the subject reported that the date could be on the 20th of next month.
The state, which begins to meet with analysts from 02/10 (Wednesday), targets a valuation (process of estimating how much a company is worth, determining its fair price and the return of an investment in its shares) of at least US $2 trillion.
While the IPO date does not come out, Aramco works in search of the restoration of production capacity, which returned to 11 million barrels per day. If you achieve your goals in relation to your offer, the company can become the most valuable in the world.
"Aramco seems to be making every effort to restore all production as quickly as possible, both to ensure its customers that it is a reliable supplier, and to avoid delays in the opening of capital," said Richard Segal, senior analyst of Emerging markets of Manulife Asset Management in London.
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