Bloomberg:
Saudi Aramco’s giant initial public offering, three years in the making, is finally upon us. The Saudi Arabian government, initially wanting a $2 trillion valuation, has scaled down its ambitions to roughly $1.7 trillion. While that would still make it the world’s largest company, it may not be enough of a concession to convince foreign investors to buy the stock, which will be listed in Riyadh.
Paul Wallace, based in Dubai, speaks to his colleagues Filipe Pacheco and Netty Ismail about why the IPO’s taken this long, what will happen when the shares start trading next month and the amount of inflows Saudi Arabia can expect from portfolio investors.
No comments:
Post a Comment