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CM - Saudi Aramco IPO launches in Riyadh, with pricing TBD - November 2019
Saudi Aramco launched its initial public offering on Nov. 3 and issued a prospectus on Nov. 9. In it, the company proposes to sell 3% of its stock for $60 billion on the domestic Tadawul exchange. The final offer price, size of the listing and valuation are being determined through the current book building period and trading is set to begin on Dec. 11 after the company announces the final price at the OPEC......
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