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 … Read more