Cookin’ with gas

[The beef 675] [I'm an image] “Bloomberg is reporting that the banker who told MbS that Aramco wasn’t worth $2T is still alive and well… for now.” - Jason [Read The Beef Online - Click Here]( Hey there carnivores, Markets rose after news that the Fed plans to hold rates steady for some time. Today we’ve got a ton of great stuff lined up for you, including a deep dive on the Aramco IPO. Keep raging, Jeff & Jason [Image] [I'm an image] Cookin with gas The world's largest IPO hit the ground running. Saudi Aramco reached the upper limit set by the Saudi exchange on its first day of trading, after [gaining 10%]( on the day. Never enough While Aramco hit its opening day limit, there's still work to be done. Crown Prince Mohammed bin Salman is still jonesin' for that $2T valuation. But with that pesky 10% daily growth cap set by the Tadawul stock exchange, it was only able to reach the lowly valuation of [$1.877T](. Sarah al Suhaimi, chairwoman of the Tadawul, called the debut "an extraordinary event in the kingdom of Saudi Arabia and the world at large." Granted, she has to say that if she doesn't want a visit from the Crown Prince's goons. Watch the throne Saudi Aramco's valuation made it official, making the oil company the world's most valuable company. Oil company? No. The world's most valuable company. Period. After Tuesday's close, Apple, the world's former Numero Uno, was sitting at [only $1.2T](. "Help me, I'm poor" - Tim Apple, probably. Apple had been in the #1 spot since February, while Microsoft watched from the three spot, way up in the nosebleeds. The bottom line... Despite its success, the Saudi government kept it local. Last week, MbS and the boyz focused on mostly Saudi buyers as it hawked its shares. International interest will be key to long term success but concerns remain about volatile oil prices... and stuff like missile attacks. Aramco's team of underwriters also have the option to sell 15% more shares within the first 30 days of it being listed, which could bring the company's total raised to almost $30B. Excuse me while I break my own record. [I'm an image] How much money did you make off of the Aramco IPO yesterday? *Crickets* If you’re not profiting off of IPOs on the reg, you’re missing out, Bro Namath. Our buddy Ben Sturgill is backing up the Brinks truck with IPO profits. His [IPO Pay Day strategy]( provides Benny Public Offerings best trade ideas plus his patented IPO Pay Day calendar. [TELL ME MORE]( [I'm an image] ☑️ Holding formation. The Federal Reserve [decided to hold]( interest rates at their current range of 1.5% to 1.75%. The committee made it a clean sweep voting 10-0 in favor of leaving the benchmark rate as is, marking the first time a unanimous decision was made since May. Fed Chairman Powell indicated that the FOMC does not plan on raising rates anytime soon and are comfortable that rates are low enough to stimulate growth. If the favorable outlook remains, the Fed may even keep rates unchanged through 2020. ☑️ First place trophy. Nasdaq is the big swinging d*ck in town again, as the exchange [raised more money]( through IPOs than the NYSE this year (so far) for the first time since 2012. YTD, Nasdaq-listed IPOs have raised $34.4B, while IPOs at the NYSE have only raised $26.2B (embarrassing!). John Tuttle of the NYSE clapped back however, pointing out that the NYSE is by far the global leader in capital raised, with over $100B in IPOs and follow-on offerings in the year. Settle down, John. ☑️ Sh*tcoin. Three men [were charged]( with running a $722M cryptocurrency Ponzi scheme. They opened BitClub Network in 2014, which they used to solicit money from investors in exchange for fake shares from a crypto mining pool. Apparently, you can’t do that. They also called investors dumb, sheep, and idiots... can't blame 'em for that. ☑️ Take my money. JPMorgan is doing a bit of restructuring, [creating a new unit]( that will combine its US wealth management business with its Chase network’s financial-advisory operations. Worry not 1%, JPMorgan’s private bank for ultrawealthy clients (those with more than $25M in assets) will remain separate, so it does comingle the sheckles of the poors. Current marketing chief Kristin Lemkau will head up the new division. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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