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Saudi Aramco reportedly delays what would be the biggest IPO in history - Business Insider

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Saudi Aramco reportedly delays what would be the biggest IPO in history

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.

 

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