I threw the WeWork bit in while thinking of post-offering underwiter stabilization efforts and one thing led to another and....sorry.
And although the Journal story doesn't directly mention the Risk Factors page, I'm thinking the '33 Act pretty much requires it.
From the Wall Street Journal:
Saudi energy officials and Aramco executives are debating rescheduling the IPO until after the company fully restores its production....MUCH MORE
Saudi Arabian officials are discussing delaying Aramco’s initial public offering, after attacks on the company’s largest oil facilities sidelined more than half of the kingdom’s output, people familiar with the matter said.
The Saudi Arabian Oil Co., as Aramco is officially known, has been gearing up for a two-part IPO, in which it had hoped to first sell a sliver of itself to investors on the local Saudi exchange and then list shares internationally, according to people familiar with the matter. The listing plans have long been dogged by questions over valuation and the venue for an international stock market debut. The weekend attacks present Aramco with arguably its biggest hurdle so far on the road to going public.
The company is expected to move forward with presentations to analysts and meetings with bankers as planned, but Saudi energy officials and Aramco executives are debating a rescheduling of the IPO until after the company fully restores its production to normal levels. Officials had hoped to pull off its Saudi listing sometime in November. Officials say that they want to wait to get a full assessment of the damage from the attack before pushing any listing back.
Aramco and the Saudi energy ministry didn’t respond to requests for comment.
“The more information we are getting on the extent of the damage, the clearer it is becoming this is really serious and would take longer than anticipated to see things back to normal,” said an official familiar with the matter.
“You cannot go ahead with an IPO without sorting out your production issues first,” the official said....
