The stock price for Saudi Aramco touched $2 trillion two days after its listing on the Saudi stock exchange, Tadawul. Now Saudi prince Mohammed can claim a political victory before the people of the kingdom, asserting that the market has shown his assertion of a $2 trillion valuation to be true almost four years after he first spoke of it. Of course, his initial claim in 2016 was based on the sale of 5% of the company to global investors, not the less than 2% listed for sale this week to Saudi investors who were pressured, incentivized and, in some cases, duped into participating. The question is whether Aramco is ... (full story)