Saudi Arabia’s Aramco record the biggest deal in world's IPO history

Saudi Arabia’s Aramco record the biggest deal in world’s IPO history

Initial public offering (IPO) of Saudi Arabia’s Aramco snatched the biggest deal in history, raising $25.6 billion by selling shares in its state-owned oil giant, the company announced on Thursday, December 5th. Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO that means the deal raised more than China’s Alibaba...

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