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Sunday, 15 October 2017

Saudi considers delaying in’l offering of Aramco IPO

Saudi Arabia is considering delaying the international tranche of its IPO of Aramco until at least 2019, according to people familiar with the situation. The sources added that the share sale in Riyadh could still happen next year, Bloomberg reports. A two-stage Saudi Aramco IPO is one of several options being considered, while another plan would include listing in Riyadh next year and privately selling a stake in Aramco to one or several cornerstone investors, sources added. There had been talk swirling over a possible delay of the IPO for some time with a contingency plan for the delay being put in place. The FT takes a look at the implications of the postponement.

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