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Saudi Arabia is all set for the world’s biggest IPO: Here are the vital stats

March 3, 2017 3:39 pm

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Saudi Arabia is going to break a Chinese record. Alibaba Group Holding Ltd, a Chinese Internet retailer, raised $25 billion in 2014, which made it the biggest IPO of the world. Saudi Aramco, the state-owned oil company of Saudi Arabia, is preparing for an IPO next year that would beat Alibaba’s record.

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