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Process. Carol and we hit the red carpet to celebrate the bloomberg 50. Our annual list of those that have measurable accomplishments. But first, the biggest ipo, saudi aramco. Shares surge to a market value of 2 trillion. At the peak. Carol a culmination of a fouryear effort from the kingdom. We are in wanted to talk about this. A lot of questions. Now it is publicly traded and it is an ipo but it is only a small there ine, 1. 5 is out the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. Back to 2016er when the initially announced plans for the ipo, the plan was to sell shares of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on pro ....
To celebrate the bloomberg 50. It is our annual list of those 2019st of those whose accomplishments stick out. Jason but first, the biggest ipo, saudi aramco. Shares surge to a market value of 2 trillion. At their peak. Carol a culmination of a fouryear effort from the kingdom. A lot of questions. Now it is publicly traded and it it is an ipo, a publicly held company, but only a small percentage, 1. 5 is out there in the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. If you remember back to 2016 when they initially announced plans for the ipo, the plan was to sell shares of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on projects ....
In addition there are specific procedural requirements and moratorium that are implemented through the Development Agreement. There would be a moratorium on new Development Agreements by aau from one year of the Development Agreement to give the the city a pause on any Development Activity other than thats contemplated by this deal. Theres a moratorium on signage proposals for two years after the scheduled performance is completed so two years after the work is done, there would be a ban on proposing new signs to its properties that are subject to this Development Agreement. Theres a 30day Development Agreement. Th ....
To celebrate the bloomberg 50. Our annual list of those that have measurable accomplishments. Jason but first, the biggest ipo, saudi aramco. Those shares surge to a market value of 2 trillion. Carol a culmination of a fouryear effort from the kingdom. We are in london to talk about this. A lot of questions. Now it is publicly traded and it is an ipo but it is only a small percentage, 1. 5 is out there in the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. If you remember back to 2016 when they initially announced plans for the ipo, the plan was to sell as much as 5 of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on projects outsi ....