Saudi Aramco lures sovereign funds to $2 trillion IPO valuation

Reuters, exclusive

This just out from Reuters

'State-owned Saudi Aramco has approached Abu Dhabi Investment Authority (ADIA), Singapore's GIC and other sovereign wealth funds to invest in the domestic leg of the oil giant's listing at it seeks to achieve a $2 trillion (1.6 trillion pounds) valuation, sources said'

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IPO process still carrying on, despite the drone attacks mid-month.