Corporate Law News

Saudi Aramco Is Said to Delay Initial Public Offering Launch (2)

Oct. 17, 2019, 6:27 PMUpdated: Oct. 17, 2019, 7:57 PM

Saudi Aramco has postponed the launch of the world’s largest initial public offering by at least a few weeks, according to people briefed on the situation.

The delay gives bank analysts time to incorporate Aramco’s third-quarter results into their pre-IPO assessment of the company, said one of the people, who asked not to be named discussing confidential deliberations.

The move was abrupt, given that Aramco had been preparing for an official launch of the share sale on Oct. 20. While the latest delay may only be a few weeks, it’s likely to add to investor skepticism about the deal’s prospects....

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