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Saudi Aramco may recover from attacks soon, but will hardly reach IPO valuation dream - RT's Boom Bust

26 days ago   |   By RT

Saudi Arabia hopes state oil company Aramco, which suffered from last week's drone attack, will be valued at 2 trillion dollars in its IPO listing. This is most likely beyond Aramco's reach, an expert tells Boom Bust.
“The Saudis probably have enough spare production and processing capability that they can restore production to pre-attack levels in the four to six weeks timeframe. their deal cannot succeed at the 2-trillion-dollar level unless they decide to raise less money and go to strategic investors,” Rick Rule, chairman of Sprott US Holdings, claims.
The IPO listing is crucial to the...
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