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Home invest in investing living frugal what to invest in Report: Saudi Arabia calling off Aramco IPO

Report: Saudi Arabia calling off Aramco IPO

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Source: https://www.reuters.com/article/us-saudi-aramco-ipo-exclusive/exclusive-aramco-listing-plan-halted-oil-giant-disbands-advisors-sources-idUSKCN1L71TZ

No commentary on why yet, there's been a lot of speculation that $2 Trillion was too steep a valuation.

Edit: Saudi Arabia has responded to reports and denies that it's scraping the IPO Source: https://www.cnbc.com/2018/08/23/saudi-aramco-ipo-riyadh-denies-its-scrapping-plans-for-listing.html



Submitted August 22, 2018 at 12:59PM by ObservationalHumor https://ift.tt/2MJ3Jm8
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