Saudi Aramco IPO could be largest in history

Julia Horowitz and Victoria Cavaliere, CNN Business
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by Julia Horowitz and Victoria Cavaliere, CNN Business

Saudi Aramco on Saturday released details of an initial public offering that could shatter records and will give investors the chance to own a piece of the world’s most profitable company.

Saudi Arabia’s state oil company said the offering period will begin on November 17 and close on December 4. It will price its shares on December 5, with trading on the Saudi stock exchange, the Tadawul, expected to start in mid-December, according to