Saudi Aramco's IPO is set to value the oil giant at up to $1.7 trillion

Saudi Aramco IPO set to value company up to $1.7 trillion

Saudi Aramco said in a press statement Sunday morning that it's hoping to sell a 1.5% stake in the company, or about 3 billion shares.

The Aramco listing would aim to drum up cash for a government looking to significantly reduce its budget deficit

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