Exact details about the IPO’s December listing remain unknown.
, Saudia Arabia officially announced its IPO for state-owned oil company Saudi Aramco on Sunday, saying that it plans to domestically list shares starting in December—although valuations for what will be the world’s largest public offering continue to vary.
The oil giant has faced numerous questions about the planned IPO—many analysts and advisers working on the dealthat Saudi Crown Prince Mohammad bin Salman’s hoped-for $2 trillion valuation is too high. With Aramco still on track to be the largest IPO in history, Wall Street has taken a big interest: Over 20 global banks like Citigroup and JPMorgan have been working on the deal,
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