Proactive Investors - Run By Investors For Investors

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.

View full INDU profile View Profile

US Market News Timeline

Newswire
March 15 2018

Related Articles

Oncoprex
October 17 2018
The biotech was founded by an investment group led by scientists and driven by a no-nonsense CEO whose stake is more than just business as usual
skin
April 17 2019
Driving growth was Lojuxta, used to treat a rare and life-threatening disorder that causes abnormally high levels of bad cholesterol. Its sales grew to €13.6mln, up 14.2% year-on-year
A double helix and a medical person
March 06 2019
Leronlimab, according to the company, is an antiviral agent candidate with fewer side effects, lower toxicity and less frequent doses than daily HIV therapies now in use
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use