Apple's shares have hit a new all-time high, and thus far, the company is trading $270.24 per share, which in turn has helped to raise the market cap to a staggering $1.2 trillion. While, at present, Apple remains the most valuable company, the title will soon be overtaken by oil giant Saudi Aramco.
The report from Reuters stated that Saudi Aramco’s initial public offering (IPO) will be the biggest in history, the natural gas company based in Saudi Arabia has a market valuation of $1.7 trillion, a figure that would allow Saudi Aramco comfortably overtaking Apple as the world’s most valuable listed firm.
The report from Reuters stated that Saudi Aramco’s initial public offering (IPO) will be the biggest in history, the natural gas company based in Saudi Arabia has a market valuation of $1.7 trillion, a figure that would allow Saudi Aramco comfortably overtaking Apple as the world’s most valuable listed firm.
In the meantime, Microsoft and Apple are competing for the most valuable company crown, the former having a market capitalization of $1.15 trillion. Google, however, has outperformed Amazon for a third place, with a market cap of $924 billion, while Amazon is struggling to hit $900 billion in valuation status, with a market valuation of $867 billion.
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