Saudi Arabia’s giant state-owned oil producer, Saudi Aramco, announced Sunday that it plans to go public in what could be the biggest initial public offering in history.
The company, which could hit $1.5 trillion in value after its IPO, said it will sell an unspecified percentage of its shares next month on the Tadawul, Saudi stock exchange.
That would make it the world’s most valuable brand, beating out Apple valued at $1 trillion.
Aramco Chairman Yasir al-Rumayyan told the New York Times that the IPO represents “important progress” toward delivering “the kingdom’s blueprint for sustained economic diversification and growth.”
Here’s a look back at the top five biggest IPO’s in history:
IPO date: September 2014
Value at IPO: $21.7 billion
The multinational conglomerate holding company claimed the title as the largest U.S.-listed IPO. It beat the previous record set by Agricultural Bank of China when the lender raised nearly $22 billion in 2010. Alibaba’s stock is up more than 32 percent year-to-date.
IPO date: March 2008
Value at IPO: $17.8 billion
When the world’s largest credit card company went public in 2008, it was to the tune of $17 billion. It sold 406 million class A common stock for $44 per share. The company’s stock is up 35 percent year-to-date.
IPO date: November 1999
Value at IPO: $16.4 billion
Enel S.p.A, an Italian multinational energy company, was once the world’s biggest IPO as it opened between $16 billion and $19 billion in 1999. Its stock is up 33 percent year-to-date.
IPO date: May 2012
Value at IPO: 16 billion
The social media giant went public at a little more than $16 billion. And despite a wave of privacy concerns hitting the company in the past few years, including fallout from the 2016 presidential campaign in which experts argued Russian hackers used its user data to interfere in the election, the company’s stock is up almost 50 percent year-to-date.
IPO date: November 2010
Value at IPO: $15.7 billion
The car-making giant earned the title of the biggest U.S.-listed IPO when it went public in 2010. The company raised $15 billion and sold 478 million common shares at $33 each. Its stock is up 15 percent year-to-date.