Foreign Funds Balk at Crown Prince’s Aramco IPO Valuation
- Aramco is worth ‘way below $1.5 trillion’: AllianceBernstein
- Union Investment says it seeks dividend yield of 6.5% or more
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Saudi Arabia’s Crown Prince Mohammed Bin Salman may have lowered his valuation-target for Saudi Aramco as it prepares an initial public offering, but some of the world’s biggest investors say he’s not gone far enough.