Saudi Aramco to delay promoting IPO until after Q3 results – WSJ


The Wall Street Journal reports that oil producing giant Saudi Aramco will delay selling its IPO to investors until after it releases Q3 results, anticipating a more bullish valuation closer to Crown Prince Mohammed bin Salman’s goal of $2T. Specifically, the company hopes that the numbers will show that the recent missile strikes had little or no impact on earnings.





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