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Reports suggest Saudi Basic Industries Corp (SABIC) may be eyeing a 2021 IPO for part of its business. Here’s what we know so far.
Saudi Basic Industries Corp, also known as Sabic, may be gearing up for a public offering of its specialty chemicals unit. The Saudi Arabia-headquartered chemical manufacturer may go public as early as 2021, but nothing has been confirmed.
There’s speculation that Sabic may opt to go live on a local market, which means US investors will need an international brokerage account to invest.
We'll continue to monitor this potential listing and will update this page as more information becomes available.
Once Sabic goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Sabic can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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