Saudia Arabia's giant state-owned oil monopoly, Saudi Aramco raised $25.6 billion dollars at IPO. The deal raised more than Alibaba's in 2014, and is valued at half a trillion dollars higher than Apple. While it does look like a can't miss opportunity, I believe there will be some uncertainty in the future due its connection with climate change. Not only has the threat of climate change been an issue for the company already, but it most will loom larger in the future.
https://www.cnn.com/2019/12/05/investing/saudi-aramco-ipo-price/index.html
I agree, many investors try to keep their portfolios clear of investments like the because of their own morals, no matter how good an investment may look. However, I think there are enough money driven portfolios for this company to experience some success for quite sometime unless something new happens with them and climate change, then stock may lose value along with company reputation.
ReplyDeleteTheres a lot to take in with Saudi Aramco going public. The coming weeks and months will show clearly what the plan is for them to do. Andrew makes a good point that their are enough money driven portfolios that will show that this will most likely be a good monetary investment.
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