Aug
23
The $2 Trillion Mistake
BySaudi Aramco’s proposed IPO was the wrong idea at the wrong time.
How About Never? Is Never Good for You?
Saudi Arabia has explanations for why a long-discussed stock sale by its state-owned oil company is now indefinitely on hold — or perhaps just fashionably late, depending on what you believe. Oil prices are too cheap. Saudi Aramco officials are waiting for exactly the right time for what was once billed as an IPO that could value the oil company at $2 trillion — the most valuable public company in history…
