In January 2016, then-Deputy Crown Prince Mohammad bin Salman announced that he intended to sell 5% of Saudi Aramco — Saudi Arabia’s government-owned oil company — in an international initial public offering (IPO) to fund Saudi Arabia’s ambitious economic reform plans. He expected to raise $100 billion from the sale, valuing Aramco at $2 trillion. … Continue reading The Saudi Aramco IPO breaks records, but falls short of expectations