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After much delay and considerable uncertainty, Saudi Aramco finally got its IPO away, albeit only on the domestic Saudi market and not in New York, London or Hong Kong - yet.
Shares were priced at $8.53, or 32 Saudi riyals. As such, the IPO will raise $25.6 billion for the kingdom's coffers and value the company at $1.7 trillion. This was the top end of recent estimates of U.S. $1.1 trillion to $1.7 trillion, according to The New York Times but way short of the Crown Prince's rumored target of