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Saudi Aramco will not market IPO in the United States

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Aramco had said in its IPO prospectus earlier this month that the offering of shares would rely on the 144A rule of the US Securities Act, which allows a non-US issuer to tap the US market.

Saudi Aramco will not market IPO in the United States
Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said.
Aramco had said in its IPO prospectus earlier this month that the offering of shares would rely on the 144A rule of the US Securities Act, which allows a non-US issuer to tap the US market.
The sources said Aramco will no longer rely on that rule, meaning it will not market the shares in the United States.
Aramco did not immediately respond to a comment request.

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CompanyPriceChng%Chng
Hindalco418.10 18.05 4.51
Tata Steel1,327.20 29.25 2.25
Bajaj Finance6,298.00 135.55 2.20
Bajaj Finserv13,818.00 292.95 2.17
SBI431.90 8.60 2.03
CompanyPriceChng%Chng
Tata Steel1,327.10 29.00 2.23
Bajaj Finance6,296.85 134.70 2.19
Bajaj Finserv13,810.80 285.45 2.11
SBI431.70 8.40 1.98
Nestle18,304.80 227.25 1.26

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