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Saudi Aramco in race for IPO record with $1.7 trillion top value

Reuters India Monday, 18 November 2019
Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's biggest IPO. Aramco cannot sell its shares directly to investors in the United States and other markets, as the initial public offering (IPO) will be restricted to Saudis and those foreign institutions permitted to invest in the kingdom's stock market. The oil giant said it pla
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Credit: Al Jazeera STUDIO - Published < > Embed
News video: Saudi Arabia values oil giant Aramco far below original target

Saudi Arabia values oil giant Aramco far below original target 01:36

The government is preparing Saudi Aramco for what could be the world's biggest-ever initial public offering.

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