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But with all the hassle of reporting earnings and being publicly traded it would have surely been cheaper for the company to buy back those shares.
by rblatz 6y ago
But with all the hassle of reporting earnings and being publicly traded it would have surely been cheaper for the company to buy back those shares.
- sn_master 6y agoNot always. Saudi Aramco went public with only 1.5% of their value, and that was 25 Billion dollars, a good amount by any measure, specially useful when you need $$$ for weapons for your war in Yemen. Besides the money, they also wanted to test the waters before going in with a larger percentage and I don't know if the market could have handled a new 1.7 Trillion dollar company joining all at once. https://www.investopedia.com/what-is-saudi-aramco-4682590 https://www.investopedia.com/what-is-saudi-aramco-4682590