The Biggest IPO Ever | Planet Finance (4/6)

Aug 19, 2023 | Although the financial industry in China is still in its infancy, 7% of Chinese people are already investing, and millions more are being added every month. Western investors are also lining up to benefit from China's economic growth. For years, Wall Street gave China wide latitude to raise money on the international capital market, such as with Jack Ma's Alibaba IPO. In 2020, when Ma also wanted to take his new company Ant Group public he no longer did so on Wall Street but simultaneously in Shanghai and Hong Kong. That plan strained the relationship between China and Planet Finance. By whose rules will the game ultimately be played?

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Will Aramco's IPO Succeed? I Inside Story

Saudi Arabia's crown jewel and the world's largest oil producing firm, Aramco, is now set to go public after several delays.

The initial public offering, or IPO, will be on the Saudi stock exchange. How much of the company's for sale and at what price, will be determined later.

Part of the Crown Prince's economic plans for the kingdom, the flotation aims to raise billions of dollars. But estimates of how much it might actually draw, vary widely. Mohammed Bin Salman wants a $2 trillion price tag, many bankers put it at $1.5 trillion.

But can ARAMCO's IPO satisfy his ambitions? And what, if any, are the risks?

Presenter: Dareen Abu Ghaida | Guests: Mohammed Cherkaoui, author and senior fellow at Al Jazeera Centre for Studies; Jeff Colgan, associate professor at Brown University and author of 'Petro-Aggression: When Oil Causes War'; Joseph Kechichian, senior fellow at King Faisal Center for Research and Islamic studies