Saudi Aramco is reportedly planning to delay its IPO yet again

Saudi Arabia’s national oil company appears to have pushed back the launch date for its initial public offering (IPO) of stock yet again. The Financial Times quoted an anonymous source as saying on October 17 that Saudi Aramco had postponed the stock issue by “weeks,” and Reuters cited two of its own sources as saying on the same day that Saudi Aramco wanted more time to prepare.

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.

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