BBC
Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world’s biggest initial public offering (IPO).
The state-owned oil giant will determine the IPO launch price after registering interest from investors.
Business sources say the Saudis are expected to make shares available for 1% or 2% of the firm, and the offer will be for existing company shares.
Saudi Aramco is thought to be worth about $1.2tn (£927bn). More
“what could be the world’s biggest initial public bustout (IPB)”
Leftists need not to purchase.
What makes me think Aramco is about to go tits up?
Or that invasion/revolution is just around the corner?
Yeah……considering that we, the United States, are now energy independent (and an energy exporter), that the price of a barrel of crude has fallen from over $150/bbl to less than $40/bbl (it has rebounded a little this year, but not much), that more energy sources are being found, and more ways to extract that energy more efficiently — somehow I’m not seeing this as a growth stock.
Thanks, but no thanks, I’ll pass on this particular IPO.