Initial public offerings (IPO)

Report: Saudi Aramco selects advisers for its IPO revival

The Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali.
The Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali. Photo: Reza/Getty Images

Saudi Aramco is selecting advisers to try to move forward on its on-again, off-again, on-again plans for a mammoth IPO, Bloomberg reports.

Why it matters: The listing of a slice of Aramco could be the largest IPO in history, and the proceeds are meant to help fund the kingdom's plans to diversify its crude-dominated economy.

The lofty ideals at work behind WeWork's IPO

A WeWork office.
Photo: Timothy A. Clary/AFP/Getty Images

WeWork has long bet that it can wed the mundane efficiencies of commercial real estate with the lofty ideals of mission-driven tech. That would resolve the age-old contradiction between hard-nosed profit-seeking and high-minded world-changing — and its IPO prospectus aims to prove it right.

The big picture: WeWork knows it looks like an aggregator of coworking office space rentals, but it aims to persuade the public it is instead "reinventing the way people work," helping them "make a life, not just a living."