Saudi Aramco, the world's largest crude oil producer, is going to fix its share price on 5 December 2019. Before that, the company's IPO will open on 17 November 2019. The same Saudi Aramco IPO is being considered as the world's largest IPO, which can also beat the IPO of Chinese e-commerce company Alibaba which came in 2014.

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Company issues IPO document; According to the information received, the company has issued a 658-page document of its IPO in this regard. The stock sale was announced on the Riyadh Stock Exchange last week by Aramco officials after several years of delay. Saudi Aramco is the world's most profitable company. This company alone meets ten percent of the world's crude oil needs.

Will sell 0.5 percent stake; The same company has said that it will sell 0.5 percent shares to individual investors. At the same time, how much percentage stake will be sold to big institutional investors, it is not being decided at present. Along with this, the company will also be informed about the potential risks. According to the information received, it has been said in the documents that the public sector giant will sell 0.5 percent shares to individual investors.

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However, the company will not decide the percentage of the stock for sale to large institutional investors. Potential risks have also been mentioned in the documents. Saudi Aramco has hired several international banking institutions as financial advisors and book-runners. Among them are Citibank, Credit Suisse and HSBC.

Maybe bigger company than Apple: According to sources, in terms of valuation, Saudi Aramco may be 50 percent more than Apple, the company that makes iPhone. The valuation of Saudi Aramco is close to $ 1.5 trillion. Currently, companies like Microsoft and Apple have a market value of $ 1 trillion.

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