Is The Aramco IPO The Ultimate Pump And Dump?

It’s finally happening: after months of delays and mixed signals, Saudi Arabia is in the final stage of preparing for the launch of what most see as the biggest listing in history. This biggest listing in history, however, may turn out to be confined to the Kingdom of Saudi Arabia alone. Aramco was clear in its prospectus that it will target mostly Saudi investors, both institutional and retail. According to media reports, wealthy Saudi families were being bullied into becoming anchor investors in the company. For retail investors, Riyadh…