A normal IPO process for Aramco is the perfect approach

By Sam Kerr
12 Nov 2019

Saudi Aramco released an initial IPO prospectus on Sunday and some, mainly in the mainstream financial press, were outraged that it contained no details on price or deal size. However, a full two week investor education process is a perfectly normal feature of IPOs and the fact that Aramco is doing its deal by the book is a good thing.

The naysayers have argued that the market has been talking about the Aramco IPO for years. This is true but not in the detail required for investors to be able give their true opinion on pricing.

Aramco’s launch on November 3 revealed the first firm figures in the ...

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