Saudi puts Aramco IPO on hold

摘要

The eagerly awaited IPO of SAUDI ARAMCO, billed as the biggest stock flotation in history, has been kicked into the long grass as the kingdom focuses on raising cash for its Vision 2030 goals by other means. First announced in early 2016, the listing was a central tenet of Crown Prince Mohammed bin Salman's plans to overhaul the economy and fill a gaping hole in state finances. The sale of a 5% stake was expected to raise around US$100bn, four times more than any previous IPO.