No Guardian, just no

Saudi Aramco to be world’s most valuable firm after IPO next week

Aramco was already valuable, that’s why people were willing to buy part of it.

It’s not floation, nor an IPO, that creates the value.

2 thoughts on “No Guardian, just no”

  1. I don’t entirely agree. The existence of a secondary market should *enhance* its value (not enough to make a difference here, I realise), and from a philosophical perspective until we learned how much investors were prepared to pay for it, we had no means of determining where it stood in these rankings

  2. Compare with “world’s most valuable / expensive house”, a title that changes hands upon new transactions rather than estate agent valuations. But I do see Tim’s point.

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