Equities

Reuters ahead with key developments in Aramco IPO

Reuters ahead with key developments in Aramco IPO

Reuters was ahead with key developments in the Aramco IPO story, including reporting first that Aramco would announce its intent to list on Nov. 3 after a false start in October. Reuters was then well ahead in reporting on Nov. 2 that Saudi Arabia’s crown prince finally gave the green light for the long-awaited flotation. After Saudi Arabia officially kick-started the initial public offering process, Reuters broke news on Nov. 5 that the government would be subject to a one-year lockup on selling additional shares, signaling an Aramco international share sale is unlikely for at least a year.