Bloomberg, referring to anonymous, informed sources, is reporting on Saudi Arabia’s potential plans to postpone the IPO of its largest oil company Saudi Aramco until better times, namely to the first and second quarters of 2019. In accordance with the current plans, this first public offering of shares is to be held in the second half of 2018, and its volume (5% of shares) is about $ 100 billion. Meanwhile, the official version is that the preparation for the IPO is on schedule, and all should happen on time.
Note that in October in Riyadh will be a major investment conference, which should clarify this and other issues. For example, the question of where Saudi Aramco shares will be traded besides the capital of Saudi Arabia. While the main contenders are London and New York.