Deals
Aramco Failure to Win Foreign Money Makes IPO Local Event
- Aramco will rely on Saudi investors to get share sale done
- Oil producer will sell 1.5% of shares on Riyadh stock exchange
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Two years ago, when the initial public offering of Saudi oil giant Aramco held the imagination of foreign investors, President Donald Trump felt compelled to publicly lobby for the share sale to happen in America.
“Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange,” Trump tweeted in November 2017.