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France 24
France 24
Business
Kate MOODY

IPO mania: Saudi Aramco prepares for controversial stock debut

PEOPLE & PROFIT FRANCE 24

Saudi Aramco has begun the process of launching its initial public offering, or sale of shares to the public. The state-run oil giant has delayed its IPO several times since first announcing it in 2016. In a last-minute twist, most shares will be marketed to domestic investors, rather than international ones. So what exactly do we know about the Saudi oil behemoth? We take a closer look.

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