according to the Financial TimesThe world's largest oil company was poised to go public as soon as November, first offering 1% or 2% of shares on Saudi Arabia's domestic exchange before listing the rest of a 5% stake internationally. The offering was set to be the largest IPO on record.
The firm delayed its offering to give investors greater detail on how its quarterly earnings were affected by September's drone strikes on Aramco infrastructure, the FT reported.
Nobody needs this dark hole.
Whiff of wework? Overpriced and little due diligence?
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco delays planned IPO to allow for earnings update: sourcesSaudi Aramco has delayed the planned launch of its initial public offering (IPO)...
Read more »
WeWork IPO woes are bleeding into the biotech market, bankers say - Business InsiderWhat's hurting tech is hurting biotech, too. M&A bankers say the WeWork debacle is part of what's weighing on health firms' IPO plans.
Read more »