Usually, when bankers set very narrow price ranges, it’s because they think the shares will sell easily at a higher price and, therefore, perform strongly once listed. ADADIn any event, much of that conversation has now ended, with Aramco’s shares no longer marketed actively in North America. Meanwhile, Aramco offers a dividend yield below that of western oil majors like Exxon Mobil Corp. and Royal Dutch Shell Plc. Chris Hughes is a Bloomberg Opinion columnist covering deals. Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities.

Source: Washington Post November 17, 2019 17:37 UTC