Saudi Aramco prospectus flags risks, gives few details on IPO size - Reuters

in dlike •  5 years ago 

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Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday.

The more than 600-page prospectus did not include details of how much of the company would be floated in total or of any commitments from anchor investors.


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