Hardman Monthly August 2017: Aramco IPO
This month’s feature article is about the Initial Public Offering of Aramco with an initial market capitalisation of $2 trillion and a free float of 5%. A much talked about topic among investment bankers, with potentially life-changing fees involved for themselves. We raise three issues:► The purported float date of late 2018 is ambitious
â–º Geopolitical worries about the oil price
â–º The challenge over the valuation
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