FLASH: Saudis Delay Aramco IPO

Khurais_Oil_Processing_Facility,_Saudi_Arabia_by_Planet_Labs, cc Planet Labs Inc., modified, https://commons.wikimedia.org/wiki/File:Khurais_Oil_Processing_Facility,_Saudi_Arabia_by_Planet_Labs.jpg

Saudi Aramco postponed the first official step of its IPO last week – a planned 2% listing within Saudi Arabia. Now it’s an open question as to whether or not the offering will proceed on-schedule in November.

Circumstances in the lead-up to the IPO were covered in an article last week.

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