Aramco IPO isn’t happening this year.
Big reversal. Ministry claims oversupply of oil in market. Bullshit.
5% of Aramco is $2-$5 TRILLION. There was speculation that China offered to buy 5% outright. After MbS met with Trump, narrative changed.
Last week, they narrowed agents down to handful of banks/brokers and 3 exchanges.
Now it’s not happening? What did happen in last 72 hrs?
Alwaleed released. Connection? Promise?
//seekingalpha.com/article/4140814-aramco-ipo-longer-on-track-2018