Aramco IPO

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Saudi Aramco IPO delayed until 2019, UK officials told

Saudi Aramco’s listing is unlikely to go ahead this year, according to British officials who have been warned by their Saudi counterparts that the world’s biggest flotation was expected to be delayed. Several people briefed on the talks said London still had a good chance of securing the listing, which Riyadh said could value the state energy company at $2tn, but any foreign flotation was likely to happen in 2019 at the earliest.
Saudi Arabia wants to sell 5 per cent of the world’s largest oil-producing company as part of an economic reform program driven by Mohammed bin Salman, the crown prince, who visited the UK last week.

Read: https://www.ft.com/content/62fa88b0-21f ... f715791301