Pages

Friday, October 13, 2017

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

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.