How much is Saudi Aramco worth? The company's planned IPO doesn't provide many details
Two bankers working on the deal estimated around 80% of shares would be sold to local retail and institutional investors, with about 20% likely to go to international buyers.
The Saudi Arabian Oil Company, to give its full name, did not give a reason for the fall, but it likely reflects lower oil prices. A sign of Saudi Aramco's initial public offering is seen before the start of a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed
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