Saudi Aramco publishes its IPO prospectus (658 pages!), but doesn’t disclose what % of shares the government is going to sell; neither the price range (theist of banks is spectacularly large)

Perhaps the biggest news is what’s missing: no % of shares; no price range (that we knew would come later). But more importantly: not independent geological assessment of the oil and gas reserves at all (as you would have expected in a New York / London IPO) | #OOTT #AramcoIPO

— Javier Blas (@JavierBlas) November 9, 2019

And here the calendar of the #AramcoIPO:

➡️ Institutional book-building period: Nov 17-Dec 4
➡️Individual subscription period: Nov 17-Nov 28
➡️Final pricing: Dec 5

(Note that Aramco IPO pricing and the #OPEC meeting in Vienna will happen exactly the same day) #OOTT

— Javier Blas (@JavierBlas) November 9, 2019