Saudi Arabia's state oil company Aramco broke market records with the launch of its initial stock offering on Thursday. Shares were priced at the high end of the target range and raised a record $25.6 billion. The market debut puts Aramco's value at $1.7 trillion, far ahead of other corporate giants. Aramco is expected to begin trading on Riyadh's Tadawul exchange on Dec. 12 at 32 riyals ($8.53).
Benjamin Zycher | AEI
Institutional investors have questions over the company's transparency and governance
Karen E. Young | Al-Monitor