Saudi Aramco's IPO to help country's economic shift from oil, says finance minister
will boost the kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure foreign capital, the finance minister said.
However, the listing has fallen short of Crown Prince Mohammed bin Salman's initial hopes for a larger flotation on a international exchange.
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Saudi Aramco IPO: Only 1.5% of shares tradable, among lowest in world - Business InsiderMost large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Alphabet all have more than 84% of their shares listed publicly.
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Non-Saudi investors get 23% of Aramco IPO institutional trancheNon-Saudi investors in oil giant Saudi Aramco's initial public offering hav...
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Saudi Aramco starts trading after record $25.6 billion IPOBREAKING: Saudi Arabia's oil company Aramco is now listed and has started trading on the Saudi Tadawul stock exchange for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history.
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