Nirgunan Tiruchelvam Head of Consumers Equity Research
September 13 2019
3 reasons why Aramco IPO may herald a new commodity boom
Jim Rogers once said, “Commodities tend to zig when the equity markets zag” – he may have well been referring to the seismic shift in the Arabian desert that seems to be in the works through the Saudi Aramco IPO.
Aramco is planning an estimated US$2tn IPO in November, according to the Wall Street Journal. The listing would raise between US$20-40bn, making it the largest emerging market IPOs of all time.
At least 40 banks attended a ‘beauty parade’ in Saudi Arabia in the last few days for the IPO...
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