Saudi Aramco Plans World's Biggest IPO • Hacker News Board

Re: Saudi Aramco Plans World's Biggest IPO

#11

Post by Aelinsaar » Wed, Aug 17, 2016, 10:50 PM UTC

jshorty wrote: post #2

I'm curious about their long-term outlook. My understanding is that OPEC counties are currently desperate enough for money that they can't agree to limit output, thereby forcing the price further down. Anyone have better insight here?

I think maybe that's why they're trying to get a ton of money, and as others are saying, exit.

Re: Saudi Aramco Plans World's Biggest IPO

#12

Post by pbarnes_1 » Wed, Aug 17, 2016, 10:51 PM UTC

"Only" a $100bn IPO.

Re: Saudi Aramco Plans World's Biggest IPO

#13

Post by oh_sigh » Wed, Aug 17, 2016, 10:52 PM UTC

Huge growth potential here!!

Re: Saudi Aramco Plans World's Biggest IPO

#14

Post by nashashmi » Wed, Aug 17, 2016, 10:52 PM UTC

chatmasta wrote: post #4

Now that's what I call an exit!

Actually it is just a primer for the bigger exit.

The best time to exit for a large scale venture like this is between right before the peak and right after it.

Re: Saudi Aramco Plans World's Biggest IPO

#15

Post by nashashmi » Wed, Aug 17, 2016, 10:53 PM UTC

Aelinsaar wrote: post #9

This is really not the time I'd be investing that heavily in Aramco. 30 Years ago, certainly, now... not so much.

There are other reasons to invest. I believe mostly oil companies will want to take stock for the purpose of influence.

Re: Saudi Aramco Plans World's Biggest IPO

#16

Post by mars4rp » Wed, Aug 17, 2016, 10:54 PM UTC

jshorty wrote: post #2

I'm curious about their long-term outlook. My understanding is that OPEC counties are currently desperate enough for money that they can't agree to limit output, thereby forcing the price further down. Anyone have better insight here?

Saudies want Iran to cut production too, but Iran was forced to cut production because of sanctions and they missed lots of revenue when oil price was high. Iran is not going to cut production or cap it. Saudies have 2 bad choices let the prices fall or stay the same or let cut production and let Iran get more revenue and lose market share to her.

Re: Saudi Aramco Plans World's Biggest IPO

#17

Post by eternalban » Wed, Aug 17, 2016, 10:54 PM UTC

Aelinsaar wrote: post #9

This is really not the time I'd be investing that heavily in Aramco. 30 Years ago, certainly, now... not so much.

30 years ago you would have needed a blue water navy and nuclear weapons.

Re: Saudi Aramco Plans World's Biggest IPO

#18

Post by pbarnes_1 » Wed, Aug 17, 2016, 10:54 PM UTC

Aelinsaar wrote: post #9

This is really not the time I'd be investing that heavily in Aramco. 30 Years ago, certainly, now... not so much.

China will need oil for a while...

Re: Saudi Aramco Plans World's Biggest IPO

#19

Post by tossaway1 » Wed, Aug 17, 2016, 10:54 PM UTC

The company is valued at $2 trillion, the value of the IPO is expected to be 5% of that. Title seems misleading...

Re: Saudi Aramco Plans World's Biggest IPO

#20

Post by cloudjacker » Wed, Aug 17, 2016, 10:55 PM UTC

hm, just $100,000,000,000 for less than 5% of Saudi Aramco. That's quite low, valuing themselves at 2 trillion. Prior pie in the sky estimates had put them at 10 trillion dollar company. So maybe after the independent audit they'll release the shares, wall street traders will bid it up 500% and then they'll impress everyone with that share price performance and 10 trillion dollar valuation.