Why I Love To Blog -- Reason #14 -- October 13, 2017

From the beginning, I said I had doubts we would ever see the Saudi Aramco IPO. Now, this CNBC story:

• Saudi Aramco denies that it is shelving the idea of an IPO after the Financial Times reported it has been in talks about private placements
• the company has been quick to deny problems with the IPO, but industry sources say private placement may be a quick way to raise capital compared to an IPO
• one source close to the IPO told CNBC that one thing under review is whether to list on the Saudi market first and then list on an international exchange at a later date
• a source said Aramco has been in ongoing talks with Asian sovereign wealth funds

It was also a headline story over at The WSJ.