Saudi Aramco’s IPO Is Vulnerable to the Russians

Financial Post | Nov 10, 2019 at 8:01 AM
  • In finance, as in comedy, timing is everything.
  • The kingdom and its bankers are in a difficult spot as they try to convince potential Aramco investors that the company won’t bear an undue share of the burden of the output cuts.
  • Saudi Arabia is pressing the output cut laggards to shoulder more of the burden, but the looming IPO ties its hands.