Saudi-Aramco IPO Shelved

By Rick Roman - 27 Aug 2018 383 0 comment
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.

Write a comment

Warning: Comment Text must be between 25 and 1000 characters!
Warning: Comment Name must be between 3 and 25 characters!
Warning: Invalid email id!

Latest Articles