Mothers, widows and female divorcees may not be the most common subset of investors in an international IPO but Saudi Aramco’s pre-offering document is appealing to this particular demographic in a bid to secure its valuation target.
On November 3, Aramco revealed its intention to list on the Saudi stock exchange, or Tadawul, starting the formal investor education process for the listing ‒ which analysts estimate could be anywhere from just above $1 trillion to $2 trillion.
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