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How Saudi Aramco’s Mammoth Share Sale Stacks Up in Five Charts

Aramco Says Khurais Can Operate Fully Though Damage Remains
Photographer: Dina Khrennikova/Bloomberg
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Saudi Arabia put a valuation on oil giant Aramco of between $1.6 trillion and $1.71 trillion, well below the $2 trillion target sought by Crown Prince Mohammed bin Salman since he first touted the deal in 2016.

The kingdom will list only 1.5% of the company on the Tadawul and the offering will mainly target local investors. If shares price at 32 Saudi riyals ($8.53) -- the high end of the range -- it will just beat Alibaba Group Holding Ltd. to the title of the world’s biggest IPO.