Aramco's IPO has been hotly anticipated by investors as it could be one of the largest on record.
Saudi Aramco has been preparing for a mammoth IPO, and the process could get underway as soon as Sunday according to Reuters. Three sources told Reuters that Aramco was looking to start the process of floating 1% to 2% on the Saudi Arabian Tadawul market, on November 3. Bloomberg reported, citing state TV channel, Arabiya, that Aramco wil start trading on December 11. Aramco's IPO is expected to be the largest on record, with the company possibly being valued at $1.5 trillion.
Saudi Aramco has been preparing for a mammoth IPO, and the process could get underway as soon as Sunday according to Reuters. Three sources told Reuters that Aramco was looking to start the process of floating 1% to 2% on the Saudi Arabian Tadawul market, on November 3. Bloomberg reported, citing state TV channel, Arabiya, that Aramco wil start trading on December 11. Aramco's IPO is expected to be the largest on record, with the company possibly being valued at $1.5 trillion.
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