Only fools would have ever bought into the Aramco IPO. The vast majority of IPOs are sucker bets for investors, companies selling high to take advantage of thei

Only fools would have ever bought into the Aramco IPO. The vast majority of IPOs are sucker bets for investors, companies selling high to take advantage of their likely peak value. But in Aramcos case you’d have actual self dealing despots controlling your investment, and eventually they’d make clear how junior their junior partners really were.