World’s Largest IPO Delayed Once Again

Just days after people close to the preparations for Aramco’s IPO said Riyadh was due to official greenlight the deal this week, other sources told Reuters the IPO would be greenlit after Aramco releases third-quarter financial results. The postponement was aimed at boosting investor confidence with another strong quarter, the Reuters sources said. The earlier report, from the Financial Times, cited sources in the know who said that after the government granted its approval for the listing, the Aramco board of directors would give it the…