Saudi Aramco IPO could strengthen government finances, support economy: S&P

LONDON (Reuters) - Saudi Aramco's forthcoming listing on the local stock market could help strengthen the government's net asset position, with the proceeds potentially raising the kingdom's longer-term economic growth, S&P Global Ratings said.The world's most profitable company starts a share sale on Nov. 17 in an initial public offering (IPO) that may raise between $20 billion (£15.6 billion) and $40 billion."The bulk of the funds raised will go to the government or the Public Investment..