Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPO
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DUBAI (Reuters) - Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion (£1.6 trillion) the Saudi crown prince had targeted but still making it potentially the world's biggest IPO.Aramco said on Sunday it plans to sell 1.5% of its shares or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals - valuing the IPO at as much as 96 billion riyals (£20 billion) at the top..