Saudi Aramco will raise $25.6 billion in world’s biggest I.P.O. This will be a bit bigger than the 2014 IPO of Alibaba.
Aramco made a net profit of $68 billion for the first nine months of the year. This is a $90 billion annual run rate. They are pricing a PE ratio of 19 for the $1.7 trillion valuation.
The shares will start trading on Wednesday. Once they are trading and assuming the price did not have a huge drop then Saudi Aramco will become the most valuable publicly-traded company in the world.
Saudi Arabia repaired its droned damaged refineries by October 14, 2019. They restored full production at 9.9 million barrels per day. The damage took about one month to repair.
Apple is currently the most valuable at $1.20 trillion. Microsoft ($1.15 trillion), and Google ($925 billion) have all traded around the $1 trillion level at various points over the last two years.
Apple surged 1.5% on the news that it might release a new budget iPhone ($400 iPhone SE) in the first half of 2020 and a higher-tier, “completely wireless” phone in 2021. The completely wireless phone would have no charging port.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.