World News: 05:31 GMT Sunday 10th November 2019. [Yahoo Business News Feed via SPi World News]
Saudi Aramco's much-anticipated initial public offering will begin on November 17, the company's prospectus said, without revealing the size of the stake sale or the pricing range. The 658-page document, released just before midnight Saturday, said the final share price will be determined on December 5 -- a day after the subscriptions close -- in what is expected to be the world's biggest IPO. After years of delays and false starts, Aramco officials last week announced a share sale on the Riyadh stock exchange for the world's most profitable company, which pumps 10 percent of the world's oil.
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