Saudi Arabia’s state oil company Aramco launched its initial public offering (IPO) on 3 November and will start accepting bids from investors on 17 November. The final price of its shared will be determined on 5 December. The company will participate in the local stock market offering between 1 to 2 percent of its shares, according to Reuters. The IPO will be split in two tranches: one targeting institutional investors and the other individual ones although they have not specified the duration of it, but some investors speak of “more than 10 years worth of proceeds”. The value of Aramco has not been yet disclosed and it ranges between the $2 trillion desired by the Saudi authorities and the $1.5 trillion that many analysts and bankers believe it to worth. Chinese state-owned entities are already in talks to invest from $5 to $10 billion in this IPO, including the Silk Road Fund, oil producer Sinopec Group and the sovereign wealth fund China Investment Corp. Also, it has been reported that the Russian Direct Investment Fund would be interested but no final decision has been taken. Aramco is considered to be the world’s most profitable company and its privatization lies at the core of the economic reform agenda Vision 2030 envisioned by Crown Prince Mohammed bin Salman.