(Bloomberg) — Saudi Arabia finally kicked off what could be the world’s biggest initial public offering.More than three years after Crown Prince Mohammed bin Salman first raised the idea — and just three weeks after a plan to launch the share sale was abruptly shelved — the Capital Market Authority approved Aramco’s offering, according to a statement. The shares are likely to start trading in December.The approval shall be valid for six months, and the company’s prospectus will be published prior to the start of the subscription period, according to the statement.Aramco, which pumps about 10% of the world’s oil, …read more
Source:: Yahoo Finance
