logo-loader
HealthPharma & Biotech
US Market News

Saudi Aramco international IPO stalls - reports

Aramco continues to review options for an international listing, according to the Wall Street Journal.

oil and gas operations
The world's largest oil firm will sell shares domestically

Saudi Aramco, the world’s largest oil company, has dialled back plans for an international public share sale, and instead it will float a portion of the company onto Saudi stock exchange.

It comes after an extended period of speculation and rumour in which there had been some expectations that Aramco could list in the world’s major financial centres – New York and London were both tipped at one time or another.

But, it now reported that the international listing plans are at least temporarily on hold.

Aside from other potential regulatory issues, for example relating to governance and ownership structures, the sheer scale of the company is among the challenges.

Aramco continues to review options for an international listing, according to the Wall Street Journal.

Quick facts: US Market News

Price: £0.00

Market: NYSE
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

7 hours, 58 minutes ago

2 min read