Saudi Aramco prospectus flags risks, gives few details on IPO size

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Saudi Aramco prospectus flags risks, gives few details on IPO sizeSaudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday. The more than 600-page prospectus did not include details of how much of the company would be floated in total or of any commitments from anchor investors. Offering for the shares will begin on Nov. 17, the prospectus said.


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