AcK + 50 AK October 17, 2019 https://www.bloomberg.com/news/articles/2019-10-16/selling-aramco-the-wall-street-a-listers-on-oil-giant-s-ipo For all the hatred against Saudi in these forums, every US bank/er is bending over backwards to sell their IPO. Nice π Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF October 17, 2019 https://www.vox.com/recode/2019/10/14/20908630/saudi-arabia-silicon-valley-future-investment-initiative-conference-speakers "In the meantime, Sanabil, which is a division of PIF, is likely to open an office on Sand HIll Road, according to a person with knowledge of their plans. Sanabil is also beginning to invest in venture capital firms as a limited partner, according to a second person. The only consequences that might come are because of the Saudisβ increasingly poor track record. Several investors who are critical of the Saudi footprint in Silicon Valley argued that it would not be a newfound sense of morals that would lead to any rejection of Saudi cash. Instead it would be purely a selfish realization that Saudi and SoftBank money is bad for companies, a point driven home by every new Saudi startup flameout βΒ such as SoftBank-backed WeWork." Herd money chases a return, and avoids a loss. If the Saudi's will pay for the investment, it will come, if outside money is doing in Kingdom investment, then it will be far more cautious. Quote Share this post Link to post Share on other sites
Guest October 17, 2019 https://www.zerohedge.com/markets/aramco-again-delays-long-awaited-ipo-wework-blame Aramco Again Delays Long-Awaited IPO; Is WeWork To Blame? Quote Share this post Link to post Share on other sites