The world’s most profitable company finally announces IPO, but $2.9 trillion dreams are dashed – The Age

Sources have told Reuters the oil company could offer 1 to 2 per cent of its shares on the local bourse, raising as much as $US20 billion-$US40 billion.
A deal over $US25 billion would top the record-breaking one of Chinese e-commerce giant Alibaba in 2014.

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