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Saudi Crown Prince's 2021 Aramco IPO Deadline Is a Daunting Test

  • Mohammed bin Salman plans IPO in 2021 at $2 trillion valuation
  • Aramco first needs to complete a deal to buy a stake in Sabic
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Bloomberg’s Riad Hamade reports on the Aramco IPO.(Source: Bloomberg)

One of the biggest-ever mergers in the oil industry. The largest corporate bond sale on record. The most lucrative initial public offering in "human history." The timetable: two and a half years.

After a summer when the IPO of Saudi Arabia’s state oil-giant Aramco appeared set for semi-permanent limbo, Crown Prince Mohammed bin Salman has not only revived it, but imposed a schedule for achieving a series of deals that would test any management team.