It’s the second false start for the hotly anticipated public listing.
If the listing is finally successful,
of Aramco could be sold at a price valuing the company at $2 trillion, raising $40 billion in total—which would surpass the previous record for largest IPO: The $25 billion raised by Chinese e-commerce company Alibaba in 2014.“The company is ready and timing will depend on market conditions and be at a time of the shareholders choosing,” Aramco said in a statement about its preparations for the IPO.
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