Thursday, January 30, 2025

Saudi Aramco May Shelve IPO, Now Favors Private Share Sale: FT

From Reuters Saudi Aramco is considering shelving plans for an international public offering in favor of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter. Talks for a private sale to foreign governments, including China, and other investors have gathered pace in recent weeks, according to the report.