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Saudi Aramco prices shares at top of range in world's biggest IPO

Updated : December 06, 2019 07:50 AM IST

Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, the company said in a statement, raising $25.6 billion and beating Alibaba's record $25 billion listing in 2014.
At that level, Aramco has a market valuation of $1.7 trillion, comfortably overtaking Apple as the world's most valuable listed firm.
Saudi Aramco prices shares at top of range in world's biggest IPO

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