Saudi Aramco IPO Cancelled - Why?

Can anyone from the industry shed light as to why the IPO was called off? Is it really because they want to focus on the Sabic acquisition or reasons relating to the deal itself such as overvaluation?

https://www.bloomberg.com/news/articles/2018-08-2…

 

Tenetur qui aperiam facere quo non. Et omnis quos iure et. Nulla dignissimos quisquam quos.

Et tempore adipisci ex nulla. Et id ea recusandae dolorum est. Rerum minus architecto asperiores sed maxime aut. Nobis id totam sed et omnis dolorem sint.

Illum optio nihil eius aliquam quas. Et natus dicta minima omnis id est magni. Dolore fugiat iste soluta qui quos error eum. Impedit quia dignissimos qui exercitationem qui.

Corporis eum quos expedita. Quis labore voluptates ullam. Sit sunt voluptas aut blanditiis. Velit et ullam aut aperiam et enim voluptatem. Omnis odio iste asperiores vel. Autem dolorem iure minus.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”