Aramco and the Risks of a Potemkin IPO - Bloomberg Gadfly:
"I know Saudi Arabia has been cozying up to Russia recently, but a Potemkin IPO of Saudi Aramco would be taking things a bit too far.After rumors of a delay to the international stock-market debut of Saudi Arabian Oil Co. surfaced last month, more appeared on Friday afternoon.However, another path Saudi Arabia is considering is to sell a stake in Aramco privately to a handful of foreign, sovereign investors, the Financial Times first reported. This could involve straight equity or possibly a convertible bond, according to Bloomberg News, alongside a domestic listing. An international listing might follow at some point."
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