Aramco Kills Massive Offshore IPO, Will Only Offer Shares Domestically

The question that many oil traders were asking for the past two years – and certainly all of Wall Street’s investment banks – was answered moments ago when the WSJ reported that as some had predicted, Saudi Arabia has decided to scale back its ambitions for a public offering for oil giant Aramco, either on the NYSE or elsewhere, and instead is moving ahead with a listing next…

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