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Process. Carol and we hit the red carpet to celebrate the bloomberg 50. Our annual list of those that have measurable accomplishments. But first, the biggest ipo, saudi aramco. Shares surge to a market value of 2 trillion. At the peak. Carol a culmination of a fouryear effort from the kingdom. We are in wanted to talk about this. A lot of questions. Now it is publicly traded and it is an ipo but it is only a small there ine, 1. 5 is out the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. Back to 2016er when the initially announced plans for the ipo, the plan was to sell shares of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on pro ....
To celebrate the bloomberg 50. Our annual list of those that have measurable accomplishments. Jason but first, the biggest ipo, saudi aramco. Those shares surge to a market value of 2 trillion. Carol a culmination of a fouryear effort from the kingdom. We are in london to talk about this. A lot of questions. Now it is publicly traded and it is an ipo but it is only a small percentage, 1. 5 is out there in the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. If you remember back to 2016 when they initially announced plans for the ipo, the plan was to sell as much as 5 of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on projects outsi ....
Carol and we hit the red carpet to celebrate the bloomberg 50. It is our annual list of those people whose 2019 measurable accomplishments stand out. Jason all of that still ahead. But first off, the worlds biggest ipo. We are talking saudi aramco. Shares surge to a market value of 2 trillion. That magic 2 trillion come at that peak. Carol a culmination of a fouryear effort from the kingdom. Our correspondent is in london to talk about this. A lot of questions. Now it is publicly traded and it it is an ipo, a publicly held company, but it is only a small 1. 5 that is out there in the public in terms of the company. Nini it is. The ipo has not turned out the way they expected it to happen. If you remember back to 2016 when saudi arabia initially announced plans for the ipo, the plan was to sell as much as 5 of the company. More importantly, what we have to look at is what was the purpose of the ipo. The ipo was seen as a means of diversifying saudi arabia away from its oildependent comp ....
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