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Saudi Aramco IPO goes down by a small margin

Published On 03 Dec 2019 10:50 AM


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The state-owned petroleum company, Saudi Arabia Saudi Aramco, estimated its coming IPO at 2 trillion dollars. However, according to a survey by Bloomberg of 24 big money managers, this assessment can be reduced by up to 40% when it is released. The survey showed that more than 40% of money managers valued the company to $1.2 trillion and a further 25% lower, at or below $1.1 trillion.

According to figures released so far, the lead ma....


Tags : petroleum company, Saudi Arabia Saudi Aramco, Saudi Aramco IPO, IPO, small margin,
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