Best current investment in IPOs: Saudi Aramco

The first day of the week starts to rise on all exchanges. Piazza Affari went into a decisive rise thanks to the car sector. Among the best shares Ferrari that beats market forecasts, thus reaching its historic maximum of 154 euros per share. Wall Street also opened positively with the Dow Jones flying at historic highs. European stock markets continue to be tonic and with the optimism for a quick agreement between the US and China on global trade. All this perhaps thanks to the news of one of the biggest IPOs in the history of Saudi Aramco.

Extraordinary turnover

The Saudi state company, Saudi Aramco, produces more than 10 million barrels of oil a day. This company trades 10% of the world's oil. Only last year the company had a profit of more than 110 billion dollars. It will be traded for the moment only on the Saudi stock market but is already a candidate to be the best current investment. Saudi Aramco is the second company in the world for oil reserves and second for daily production. All this makes it the largest unlisted company in the world. That's why you need to invest in this title. The IPO's decision was also taken to try to make it the global economy of the country less dependent on oil. The program to improve the economy of the company is called "Vision2030" and was promoted by the Saudi prince Mohammed Bin Salman. One of the main points is in fact the IPO of the state company.

Important correlation between oil and Saudi Aramco

The most traded commodity in the world is in a strong correlation with the Saudi society. Having the second largest reserve in the world implies that the intrinsic value of Saudi Aramco is closely related to the price of oil. Attention should also be paid to other listed oil companies around the world. Many investments could be transferred from the already existing companies that trade Brent and WtI towards Saudi Aramco's IPO. In conclusion we believe that this company as well as being the best current investment you can make could be a great one medium to long term investment term to keep in your wallet. The risk of this investment should be very low while profits could take away great satisfactions.