Friday 17 January 2020
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eaglenews - 1 month ago

Saudi Aramco raises $25.6 billion in biggest-ever IPO

by Anuj Chopra with Luc Olinga in New York RIYADH, Saudi Arabia (AFP) Saudi Aramco on Thursday priced its long-awaited IPO at the high end of the target range, raising $25.6 billion and giving the energy giant a valuation of $1.7 trillion in the world s biggest stock sale. Aramco priced its initial public offering at 32 riyals ($8.53) per share, surpassing the $25 billion raised by Chinese retail giant Alibaba when it debuted on [ ]


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