News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nobody needs this dark hole.

Whiff of wework? Overpriced and little due diligence?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States 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)...
Source: Reuters - 🏆 2. / 97 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »