Wall Street keeps a private list of records that almost never move.
The biggest bank failure
The longest bull market. The most expensive IPO of all time. Most of those records are decades old.
Saudi Aramco’s 2019 listing still holds the crown for the largest initial public offering on record, raising $35.4 billion at a $320 billion valuation, according to Bloomberg. What sits above that line has always been theoretical. For 25 years, market historians have argued about whether any private company could ever come public at four times the size of Aramco.