Saudi Aramco: The message from the world’s biggest and wildest IPO • Hacker News Board

Re: Saudi Aramco: The message from the world’s biggest and wildest IPO

#61

Post by currere » Tue, Nov 05, 2019, 6:59 PM UTC

tuberelay wrote: post #55

aembleton wrote: post #44

Earlier quoted context omitted.

Because only 1-2% of it is being sold. The Saudi state will still own 98% of the shares.

With a small float and Saudi state owning the other 98% it means that high price can be maintained with little inflow, but global passive equity investors are mandated (I think?) to hold a big chunk of this overpriced equity due to the huge market cap. Anyone know if that is correct?

According to [1] you can have float-adjusted or market-cap weighted indices.

> An example of a company in which float-adjustment comes into play is Amazon (AMZN). The online retail giant's overall market cap is estimated at around $130 billion. However, only about two thirds of its shares are publicly traded. The non-publicly traded shares, controlled by insiders such as founder and CEO Jeff Bezos, would not be included when determining a company's weight in a float-adjusted index. Incidentally, a company's full market cap, including both its float and non-float shares, is used to determine whether it belongs in the index.

So it depends on the index.

[1] https://www.morningstar.co.uk/uk/news/124023/understanding-p...

Re: Saudi Aramco: The message from the world’s biggest and wildest IPO

#62

Post by abdulhaq » Tue, Nov 05, 2019, 9:26 PM UTC

celticninja wrote: post #58

abdulhaq wrote: post #33

Earlier quoted context omitted.

A married woman is not the property of her husband. Stop spreading lies and hate.

Why don't you enlighten us to women's role is Saudi society, instead of telling me I'm wrong tell me how woman are viewed.

There's lots wrong with Saudi laws but 99% of HN readers, including yourself I am sure, know that no woman is the property of any man in Saudi. I've seen many comments about Islam from hyperbole to downright lies intended to promote hate. These comments are frequently allowed to slide without any rebuttal or attempt at moderation. What might seem like hyperbole to you is read as truth by others, and there is a tidal wave of hate and filth out there (not on HN) relating to Islam and muslims. In future I intend to call these comments out on HN instead of ignoring them as I have lazily done in the past, because in some ways they have a bigger impact than the simple slavering on right wing hate sites. My karma will almost certainly run dry at some point, because of the human tendency to dislike being called out for this sort of stuff, at which point I will have to return to letting it slide once more.

Re: Saudi Aramco: The message from the world’s biggest and wildest IPO

#63

Post by celticninja » Thu, Nov 07, 2019, 3:19 PM UTC

abdulhaq wrote: post #62

celticninja wrote: post #58

Earlier quoted context omitted.

Why don't you enlighten us to women's role is Saudi society, instead of telling me I'm wrong tell me how woman are viewed.

There's lots wrong with Saudi laws but 99% of HN readers, including yourself I am sure, know that no woman is the property of any man in Saudi. I've seen many comments about Islam from hyperbole to downright lies intended to promote hate. These comments are frequently allowed to slide without any rebuttal or attempt at moderation. What might seem like hyperbole to you is read as truth by others, and there is a tidal…

Call me out on it if it's wrong, to me it was more a generalisation, I don't actually think they are considered property. But women in SA have fewer rights and many of these are dependent on the male relative (father or husband). So feel free to call out inaccuracies here on HN, but know it goes both ways. Make sure you call out the inequality of women in SA and don't gloss over it. So in your initial response to me you should have said I was wrong, they are not property, but they are certainly considered second class citizens with SA. To say "they aren't property" and leave it at that is disingenuous at best.