Bloomberg Opinion

Liam Denning on the Saudi Aramco IPO Math Problem


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Bloomberg Gadfly columnist Liam Denning explains that Aramco's debut may be delayed until oil prices jump for some reason. Even then, the underlying meaning of this IPO is why reserves yield to free cash flow when it comes to valuation -- and that $2 trillion aspiration likely yields to a harsher reality.
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Bloomberg OpinionBy Bloomberg News