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Market Movers – State-run media say the Aramco IPO will now launch on November 3, with trading for a 1%-2% share to begin with. The leak of this rumor by unnamed sources to media yesterday suggested that the Saudis were possibly testing the waters at the last minute. Officially, MbS and the Kingdom’s energy minister said on Wednesday that the IPO would happen soon and “at the right time”, with no further detail. Russia’s and Norway’s SWF have said they have no plans to invest in Aramco’s IPO. Russia’s RDIF…
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