One of the fears when Saudi Aramco launched its billionaire OPV in December 2019 was that it would 'dry' the market and cause a sale of shares in other securities. Two months later, that idea fell into oblivion because the Covid-19 crisis wiped out the normalcy and liquidity of the central banks flooded it all. Six and a half years after the state oil company sold just 1.5% of its shares to raise about $30 billion (with a valuation of 1.7 billio…
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One of the fears when Saudi Aramco launched its billionaire OPV in December 2019 was that it would 'dry' the market and cause a sale of shares in other securities. Two months later, that idea fell into oblivion because the Covid-19 crisis wiped out the normalcy and liquidity of the central banks flooded it all. Six and a half years after the state oil company sold just 1.5% of its shares to raise about $30 billion (with a valuation of 1.7 billio…