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Their Aramco IPO valuation will, at least partially, be a function of their reserves. Aramco IPO is critical to Saudi financial circumstances.
by audiometry 7y ago
Their Aramco IPO valuation will, at least partially, be a function of their reserves. Aramco IPO is critical to Saudi financial circumstances.
- pas 7y agoIsn't that practically cancelled?
- audiometry 7y agoNo, they're forging ahead with it. WSJ Today says that MBS wants to float not just 5%, but eventually up to 10%.
- dagw 7y agoWhat MBS tells the press he wants to do and what actually ends up happening isn't always very well correlated.
- pas 7y agoHmm, okay, last time I read anything about it it was a big hoohaa over how they want 800B but it's likely doesn't worth that much, and how much transparency they would need to provide, which they are unlikely to truly commit to, so getting the funds together is so an uphill battle, that they are likely abandoning it. But maybe they'll "settle" for less. After all there is money to be made, the haggling is just about the price.