Everand Logo

Welcome to Everand!

  • NPR

    What's Wrong with the Saudi Aramco IPO?

    The most profitable company in the world was supposed to make its international debut, listing public shares for the first time at a valuation of $2 trillion. Now it's staying local. What happened?
    by Mary Childs Nov 26, 2019 3 minutes
    Source: -

    Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here.

    The IPO of Saudi Aramco, the most profitable company in the world, is scheduled to happen as early as next month. It is not going as planned.

    The dream of the IPO was to reorient and modernize Saudi Arabia's economy. It was a critical part of Crown Prince Mohammed bin Salman's "Vision 2030" plan, meant to overhaul the country, moving Saudi Arabia away from its reliance on revenue from oil and toward a the economy and advancing technologies to encouraging exercise and creating public/private partnerships in healthcare.

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR1 min read
    The Two Companies Driving The Modern Economy
    At the core of most of the electronics we use today are some very tiny, very powerful chips. Semiconductor chips. And they are mighty: they help power our phones, laptops, and cars. They enable advances in healthcare, military systems, transportation
    NPR1 min read
    Why Is Everyone Talking About Musk's Money?
    We've lived amongst Elon Musk headlines for so long now that it's easy to forget just how much he sounds like a sci-fi character. He runs a space company and wants to colonize mars. He also runs a company that just implanted a computer chip into a hu
    NPR1 min read
    How Flying Got So Bad (or Did It?)
    We often hear that air travel is worse than it's ever been. Gone are the days when airplanes touted piano bars and meat carving stations — or even free meals. Instead we're crammed into tiny seats and fighting for overhead space. How did we get here?

    Related Books & Audiobooks