Aramco IPO still on but delay leaves buyers cold

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By Sam Kerr
18 Oct 2019

Saudi Aramco has delayed the launch of its mega IPO for the second time in two years and investors are starting to tire of continued speculation and no hard numbers on valuation.

Aramco's deal announcement had been expected this week. Equity investors had been working on the assumption that they would soon have IPO documentation, as well as Aramco’s valuation expectations, to look at.

But reports from Middle Eastern media on Thursday have indicated a further delay in the process. ...

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