Aramco declares $1.71 trillion valuation in blockbuster IPO
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Sunday, 17 November 2019
Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion. Aramco said it would sell 1.5 per cent of the company in a blockbuster initial public offering worth at least $24 billion. "The base offer size will be 1.5 per cent of the... |
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