Aramco Sets Its Price and Defines Its Limits
Attendees arrive for the Saudi Aramco news conference announcing its IPO at the company’s headquarters in Dhahran. (Photographer: Mohammed Al-Nemer/Bloomberg)

Aramco Sets Its Price and Defines Its Limits

(Bloomberg Opinion) -- Saudi Arabia has accepted the reality that the initial public offering of its state oil company, Saudi Arabian Oil Co., won’t generate a trillion-dollar valuation beginning w...
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