Saudi Aramco is a giant, but its IPO will be a smaller-scale enterprise than planned

Saudi Aramco’s initial public offering (IPO) of stock looks set to be a smaller-scale undertaking than previously anticipated. Both Bloomberg and the Financial Times reported on November 18 that the company has scrapped plans to hold international roadshow presentations for the issue and will only sell shares on the Tadawul exchange in Riyadh.

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Posted by Jennifer Delay Iacullo

Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.

Saudi Aramco is a giant, but its IPO will be a smaller-scale enterprise than planned

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Saudi Aramco