Saudis Admit Aramco Not Worth $2 Trillion: "It's A Much Tougher Sell Now"
November 17, 2019 at 12:43 PM EST
Saudi Aramco has finally set a price range for its IPO between $1.6 to $1.7 trillion, far below the $2 trillion levels the Saudi crown prince had imagined for the last several years, but priced higher than most institutional analysts.