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Aramco’s IPO team struggles with $2trn price tag

Banks pitching for a role on the deal have been given minimal information about the firm's financials, according to a person familiar with the process

Aramco’s IPO team struggles with $2trn price tag

Officials working on the initial public offering of oil giant Saudi Aramco are struggling to work out how the state-owned firm is worth the $2 trillion value the government has suggested, The Wall Street Journal reports.

Even after taking into account a recent tax cut and other government initiatives, employees working on the deal think its worth at least $500 billion less than the price tag placed on it by deputy crown prince Mohammed bin Salman.

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