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Saudi-Aramco IPO Shelved

The much anticipated Aramco IPO was formally shelved today.  Too bad!

The Saudi’s were planning on selling a 5% stake of the estimated $2T (their estimate) state owned oil company as part of their bold economic diversification plan.  We were looking forward to offering shares of Aramco stock along with our current offerings of Exxon stock and British Petroleum.

We will still keep a pulse on the situation in case things change.

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