Saudi Aramco prospectus flags risks, gives few details on IPO size

Saudi State oil giant Aramco will sell up to 0.5 per cent of its shares to individual retail investors and will be restricted from issuing additional shares for a year after the initial public offering (IPO), its prospectus said on Saturday.

Aramco fired the starting gun on what is likely be the world’s largest listing on November 3 after a series of delays.