Aramco IPO Becomes Factor in Timing of Egypt’s Own Share Offers - Bloomberg:
What’s set to be the world’s biggest IPO is already causing ripples across the Red Sea.
Egypt government says banks advising on its own long-awaited sales of stakes in state companies are urging it to take the looming listing of Saudi Arabia’s Aramco into account. That could mean a shift in the North African nation’s plans to raise about 80 billion pounds ($4.95 billion) from all its offers and bring in much-needed foreign investment.
Aramco hasn’t given a date for its IPO, but Al Arabiya TV reported this week the oil giant will start trading on Saudi’s stock exchange Dec. 11.
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