The proposed Saudi Aramco IPO seems increasingly unlikely to actually take place, in my opinion.
The Aramco IPO of 5% of the "family jewels" was originally heavily promoted to be listed on the New York, London or Hong Kong stock markets. But those locations fell through with a resounding thud. Despite media chatter, those key financial hubs seem clearly not suitable for the Aramco IPO. Due to lack of transparency by Aramco, and also the very real threat of litigation against Aramco, espe