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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&apos;s IPO will be the biggest in history but concerns about corporate governance and nation&apos;s role in Middle East politics may have limited international interest. Conway G. Gittens has the details.

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