Aramco IPO range values Saudi oil giant at up to $1.7 trillion

[invest2learn]

• Saudi Aramco is aiming for a valuation of $1.6 trillion to $1.7 trillion from its initial public offering (IPO), lower than $2 trillion targeted by Crown Prince Mohammed bin Salman.
• The company said it will sell 1.5% shares at a price range of 30-32 riyals. 
• At the top end of the range, Aramco would raise up to $25.6 billion.

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