Saudi Arabian Oil Co. is targeting a valuation between $1.6 trillion and $1.7 trillion for its initial public offering and a price of 30-32 Saudi riyals ($8-8.50) per share, the company announced Nov. 17, Bloomberg reported.

Saudi Arabia: Saudi Aramco Announces Price Range for IPO Valuation

Saudi Arabian Oil Co. (Saudi Aramco) is targeting a valuation between $1.6 trillion and $1.7 trillion for its initial public offering and a price of 30-32 Saudi riyals per share, the company announced Nov. 17, Bloomberg reported.

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Saudi Arabia: Saudi Aramco Announces Price Range for IPO Valuation

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