The Aramco IPO Is Ready To Go… Again

Saudi Aramco will float its shares on the local Tadawul stock exchange in early December, according to a report by a Saudi-owned TV channel. Reuters separately cited three unnamed sources familiar with the matter as saying the initial public offering of the Saudi state oil giant will begin on the 3rd next month in order to give the organizers of the deal enough time to make sure there are sufficient anchor investors. The agency then quoted Aramco as saying it “does not comment on rumour or speculation. The company continues to engage with…