Saudi-Aramco IPO Shelved

By Rick Roman - 27 Aug 2018 1108 0 comment

The much anticipated Aramco IPO was formally shelved today. Too bad!

The Saudi’s were planning on selling a 5% stake of the estimated $2T (their estimate) state-owned oil company as part of their bold economic diversification plan. We were looking forward to offering shares of Aramco stock along with our current offerings of Exxon stock and British Petroleum.

We will still keep a pulse on the situation in case things change.

Tags:saudi aramco stock

Rick Roman

Rick has a B.S. in Finance from Arizona State University, 50 years of stock market experience, a long career in high-tech corporate finance, co-founder of GiveAshare.com, and author of the award-winning book, I'm A Shareholder available on Amazon and GiveAshare.com. Rick has been quoted as a stock gift and kids financial literacy expert in many publications including CNN Money, USA Today, CBS MarketWatch and has participated in financial literacy organizations like the Council for Economic Education and the JumpStart Coalition.