Probably most of you know that Saudi Aramco is setting up to sell something like 5% of company in an IPO.
I can't quite put my finger on it, but this whole thing really seems even more shady than the normal IPOs that hit the market.
I know several people in the oil business and they have similar views about it, some are more forceful in their opinion than others. It isn't clear if the issue is:
- The fundamental nature of the company / country structure
- Somewhat incredible assumptions used in the valuation
- Their intended use of the funds
- The concept that a country can export 11+ million barrels of oil a day and still be in deficit spending
- Politics, etc
I wondered if you are getting any additional information about this IPO that would make me feel like it is more legitimate than my gut is telling me?
I won't be investing in it, just curious.
Thanks
EDITED: 24 Oct 2017 01:02 by HARRYN