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IS - Saudi Aramco IPO launches on Tadawul, with pricing TBD - November 2019

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At long last, Saudi Aramco launched its initial public offering Nov. 3, proposing to sell 3% of the company for $60 billion on the domestic Tadawul exchange. The company and current 100% owner, the Saudi Arabian government, had hyped the potential IPO for three years, ever since Crown Prince Mohammed bin Salman first indicated that 5% of the company would fetch $100 billion through a splashy global NSYE or London mega-event. The launched offering......
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