Investment bankers world-wide are crying into their beer—or craft gin cocktails. The reason: A juicy international float for oil giant Saudi Aramco, billed as being worth up to $2 trillion, looks increasingly unlikely this year. Instead, the Saudi government will probably move forward with a domestic listing in 2019, according to people close to the process. The delay probably spells the end for a potential New York initial public offering, championed by President Donald Trump. But there is one place where a secondary listing...

Source: Wall Street Journal March 20, 2018 08:48 UTC