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Saudi Aramco IPO Upate

Here’s the latest on the mammoth Saudi Aramco IPO:

  • Things are moving slower than expected.  An IPO in 2019 is unlikely with some questioning whether it will ever happen.
  • This is no surprise when considering that we are talking about a valuation of $2T.  “T” for trillion. Imagine the bureaucracy.
  • The latest delay: Aramco’s announcement to take an ownership stake in petrochemical company Sabic which would have to be assimilated before an IPO.  This move along with the IPO is part of Prince Mohammed ‘s plan to diversify the Saudi economy from its total reliance on oil.
  • The Prince is also driving reforms by making high-profile investments, like in ride-hailing company Uber.  Speaking of Uber, its IPO is expected in 2019.
  • Here is where you can buy Saudi Aramco stock when the time comes.

In the meantime, we have a stock list with over 110 interesting companies.  Most recent additions are Netflix, Twitter, and Spotify in addition to BP and Exxon for you oil barons.  Check out our stock list.

We will keep you informed of any important developments.

 

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