Sunday, March 11, 2018

Here It Is -- It's Official (?) -- SaudiAramco IPO Delayed Until 2019 -- March 11, 2018

Financial Times reporting: SaudiAramco IPO delayed until 2019.
The kingdom had targeted a late 2018 listing, with shares to be sold on Saudi Arabia’s Tadawul exchange. But preparedness for the offering and willingness for a simultaneous or sequential flotation on a foreign exchange has been questioned
Delays on IPO decision-making come as advisers have struggled to achieve the $2tn valuation that Prince Mohammed wants. 
Saudi Aramco’s finances and internal operations have been shrouded in secrecy for decades and its close relationship with the state has raised financial, legal and regulatory challenges. 
Not in the headline but in the story:
... any foreign flotation was likely to happen in 2019 at the earliest.
Or ever.
Bjorn Lomborg Now Linked In

Bjorn Lomborg is now linked at the sidebar at the right. I considered removing Mark Perry and replacing Mark Perry with Bjorn Lomborg, but elected to keep them both for now. 

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