The Saudi Aramco IPO has been strung out for a long time now, arguably, to enable the Saudi's to try and get production cuts through to drive the price higher and ultimately get them a better valuation.
Once that IPO gets priced and off the ground I doubt you are going see those cuts continue. Your expectation of a price bounce would seem contrary to what I would expect to see. The Saudi's will have bought themselves years of budget breathing space with little reason to worry about falling oil & share prices, which they could in theory start to buy back for less that they received.
The Saudi Aramco IPO has been strung out for a long time now,...
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Last
$1.49 |
Change
0.015(1.02%) |
Mkt cap ! $3.399B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.51 | $1.47 | $9.879M | 6.634M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 119980 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 67389 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |