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IS - Aramco IPO & Latin America draw attention of industry - November 2019

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Midway through Q4, international producers are huddling in boardrooms to codify 2020 guidance and plans going forward. Industry participants and observers are are also keeping abreast of developments regarding Saudi Aramco’s initial public offering, which was pared back to sell 1.5% of its shares on the domestic Tadawul to raise up to $25.6 billion, valuing the company in the $1.6-1.7 trillion range (PG.1). That’s not anywhere close to the $2 trillion valuation that Crown......
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