The Economics of Saudi Aramco: The Most Valuable Company in History?
On December 11th, 2019, The Kingdom of Saudi Arabia launched its initial public offering of Saudia Aramco on the Tadawul public stock exchange. The company's initial offering went quite well after an unprecedented marketing campaign, which was pretty much unheard of before this event. On the second day of trading, the company hit a market cap of 2 trillion dollars, easily eclipsing Apple, Amazon, and Microsoft to become the most valuable company in history.