(Bloomberg) -- Retail investors in the world’s biggest IPO will have to bid at the top end of the price range.
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Saudi Aramco will set the final price for all investors based on institutional investors’ book-building process, according to a statement. If the final offer price is lower than the top end, retail investors will have the option to get additional shares or a refund.
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The price range will be announced on Nov. 17 and the final price on Dec. 5.
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