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Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

Reuters Tuesday, 3 December 2019
The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.
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News video: Saudi Aramco prices world's biggest IPO

Saudi Aramco prices world's biggest IPO 01:39

State-owned oil giant Saudi Aramco's IPO will be the biggest in history but concerns about corporate governance and nation's role in Middle East politics may have limited international interest. Conway G. Gittens has the details.

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