November Listing and Stock Market

ipo: Investors had been expecting that the mega IPO would launch in the coming days, paving the way for a November listing on Saudi Arabia's domestic stock market, according to CNN. The company continues to engage with the shareholders on IPO readiness activities, Aramco said in a statement. The timing for the blockbuster listing was pushed back to allow the state-run Saudi oil company to publish quarterly results that will provide clarity on the impact of last month's attacks on its oil facilities, a source familiar with the IPO process told CNN Business on Thursday. The company is ready and timing will depend on market conditions and be at a time of the shareholders choosing. News of the delay was first reported by the Financial Times. It's not clear when Aramco plans to release third-quarter results. (news.financializer.com). As reported in the news.