Saudi Aramco kick-starts what could be world's biggest IPO, offers scant details - Reuters

in dlike •  5 years ago 

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Giant state oil company of Saudi Arabia finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the kingdom seeks to diversify its economy away from oil.

But in its long-awaited announcement, Aramco, the world’s most profitable company, offered few specifics on the number of shares to be sold, pricing or the date for a launch.


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