Saudi Aramco is reportedly planning to postpone an initial public offering (IPO) of its energy trading business in what would have been one of the largest IPOs so far this year. Last year, Bloomberg reported that Aramco, Saudi Arabia’s main national oil company (NOC), was planning to list the business in late 2022 at a valuation of more than $30 billion.
The Saudi firm has decided to push back the IPO in order to complete the integration of the trading business with its U.S.-based refining business Motiva Enterprises LLC. It’s also…Saudi Aramco Pushes Back IPO For $30B Energy Trading Unit
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