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Saudi Aramco shelves international investor roadshows
Saudi Aramco cancelled planned roadshows in Asia, the US and Europe in November, after a luke-warm reception from international investors for its long-awaited initial public offering (IPO).
Investors valued the state-owned company below the $2tn target set by Crown Prince Mohammed bin Salman.
Saudi Aramco is expected to now focus on marketing in the Middle East.
News Item details
Journal title: Petroleum Review
Region: Middle East
Countries: Saudi Arabia -
Subjects: Banking, finance and investment, Economics, business and commerce, Business management, Operating company