Saudi Aramco denies report that IPO may be delayed
Saudi Aramco said on Thursday that its planned initial public offering remains on track, Reuters reported. The state oil giant was responding to a Bloomberg article that said the planned IPO may slip past the second half of next year and into 2019.
Yes, but: As Bloomberg's Javier Blas tweeted in response, "Saudi Aramco (and Saudi officials) said the IPO remains 'on track' and 'on time.' But note the conspicuous absence of 2018 date in statement."
Bloomberg's report: Citing "people familiar with the matter," they wrote that the timetable looks increasingly tight and that the Saudis are "preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019."