Saudi Aramco targets selling 0.5% to retail investors in IPO: Sources

Saudi Aramco is looking to sell up to 0.5 per cent of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.
 

The Saudi oil group has not yet revealed the size of its planned IPO or what proportion of the company it will float, although sources have previously said this could be 1-2 per cent. 
 

Aramco declined to comment. It is expected to release more details about the company in an IPO prospectus document later on Saturday.
 

Assuming Aramco achieves a total valuation of $2 trillion, the