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The World’s Largest Truffle Breaks the Bank at $1 Million

The World’s Largest Truffle Breaks the Bank at $1 Million


Sabatino Truffles discovered the world’s largest truffle to date; the delicacy weighs in at over four pounds

It looks like Sabatino president Piero Balestra doesn’t want to let this enormous root go.

It’s every great chef’s dream to find a perfect truffle to add flavor to gourmet meals. Sabatino Truffles has found what the purport to be the world’s largest white truffle, weighing in at 4.16 pounds, and is worth at least $1 million. Earlier this year, Cesar’s Palace in Las Vegas came to be in possession of the world’s largest black truffle at 1.17 pounds. That black truffle is dwarfed in comparison to this giant, which was unearthed by special truffle-sniffing dogs in Italy.

Already Sabatino Truffles, a gourmet truffle agricultural company, has noted that offers for this enormous tuber have come in from around the globe, including a $1 million offer from China. The truffle will be auctioned off in New York this week, and all proceeds will go toward a charity of the buyer’s choice.

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Joanna Fantozzi is an Associate Editor with The Daily Meal. Follow her on Twitter @JoannaFantozzi


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Aramco Valued at $1.7 Trillion in World’s Biggest IPO

Ben Dummett

Summer Said

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world’s biggest-ever IPO.

The state-controlled Saudi Arabian Oil Co., commonly known as Aramco, said it would sell 3 billion shares, or a 1.5% stake of the company, at 32 Saudi riyals ($8.53), or at the top of the targeted range of 30 to 32 riyals for a total of $25.6 billion. That exceeds the $25 billion IPO in 2014 of Chinese online commerce company Alibaba Group Holding Ltd. , the current record holder.

Still, the share sale falls well short of the initial $2 trillion valuation targeted by Saudi Crown Prince Mohammed bin Salman. The shortfall also risks over exposing Saudi Arabia’s middle-class investors to the future stock-market performance of one company, as many institutional investors outside the country and the surrounding region passed on the offering as too expensive, according to people involved in the IPO process.

Aramco’s statement comes after The Wall Street Journal earlier Thursday reported the IPO pricing details.

Largely driven by domestic and regional individual and institutional investor support, demand for the offering was strong as Aramco had already attracted more than $60 billion of orders as of Tuesday. That interest places the IPO underwriters on track to exercise the offering’s so-called overallotment option of an additional 450 million shares to increase the total funds raised to close to $30 billion from the sale.


Watch the video: Watch 1 of the Worlds Largest Truffles Sell Today for $125k - - Drink Bravely w Mark Oldman