Report

rss

Iraq News

Kurdistan

Economy

World

Aramco will not market its initial launch in the United States

Category: Economy

Date: 2019-11-17T09:21:47+0000
Aramco will not market its initial launch in the United States

Shafaq News/ Two informed sources said that Saudi Aramco does not intend to market its domestic IPO in the United States.

Aramco said in a prospectus earlier this month that it would sell the shares under a rule that would allow a non-US bidder to access U.S. market routes.

But the two sources said Aramco would not be based on that rule, which meant it would not market stocks in the United States.

related