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Saudi Aramco Plans Two-Step Listing to Expedite Massive IPO

By Criterion Research
September 11, 2019 -

Looking to accelerate a centerpiece of Crown Prince Mohammed bin Salman’s economic reform program, Saudi Aramco is reportedly considering a 1% offering of the company this year and another 1% offering next year on the local market. 

The crown prince aims to list 5% of Saudi Aramco and wants $2 trillion valuation, despite most analysts putting the Company's value closer to $1.5 trillion.


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