Aramco Share Sale Ranks Among World’s Largest Since Its Own IPO
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Saudi Arabia’s offer of a sliver of Aramco that will raise as much as $12 billion ranks among the largest share sales globally since the kingdom listed the oil giant five years ago.
At the top end of the indicated price range, the deal would be the sixth-largest share sale since the firm raised $30 billion in its 2019 initial public offering. It’s also set to be the fourth biggest follow-on offering in that period.