The world’s first giga-cap

The IPO of Saudi Aramco is expected to be valued above $1 tn, which will make it the first ‘giga-cap’ company in history. The prospect of Saudi Aramco’s listing – one of the most eagerly anticipated events in the equity markets for years – has the potential to galvanize global investor interest in the Arabian Gulf region’s capital markets. And the way the company handles its investor relations will set an important precedent for other state-backed IPOs in the region, such as the privatizations