Aramco IPO range values Saudi oil giant at up to $1.7 trillion
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DUBAI (Reuters) - Saudi Aramco is worth up to $1.7 trillion (£1.3 trillion) at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi's crown prince but still vying for the title of the world's biggest IPO. However Aramco cannot sell the shares directly to investors in the United States and other markets, as the deal will now be restricted to Saudis and foreign institutions, who can invest in shares in the kingdom's stock market. Aramco said on Sunday..