Saudi Arabia will make the bankers wait over Aramco - FT.com:
"Some things are just Too Much, particularly in prospect. A pyramid of profiteroles. The new Tarantino movie. Or the flotation of Aramco, the Saudi oil company. “I dread the very thought of it — the deal will be a ton of work for no money,” says one banker, showing a keen appreciation of the efficient frontier between effort and reward.
The value of the business is described by an estimate wider than a deal getter’s smile at $100bn to $10tn. No one knows what assets the Saudis would shove into a float vehicle, as reserves and domestic businesses may be excluded. All they have said is that they are studying options."
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