Saudi Aramco abruptly postpones initial public offering

Irish Times | Oct 18, 2019 at 1:06 PM
  • Saudi Aramco abruptly postponed the launch of the world’s largest initial public offering by at least a few weeks.
  • The sudden delay disrupts the carefully choreographed plan to launch the share sale on October 20th, followed a week later by intense promotion during the country’s big investment forum – dubbed Davos in the Desert
  • Aramco may well be the world’s most valuable company, but based on the dividend yield received by investors in Exxon Mobil, the largest US oil company, its valuation would be closer to $1.5 trillion.