Saudi Aramco Turmoil
Oil giant Saudi Aramco (Aramco) launched the world’s largest initial public offering (IPO) on Dec. 11, 2019. The Saudi government sold 1.5 percent of its stake in the state-owned company, raising $25.6 billion. The company, considered the most profitable in the world, was valued at $1.8 trillion. The initial public offering provided much-needed funds for …