Sunday November 3rd is the new launch date ...
For what's likely to be the investor event of recent decades: Saudi Aramco's planned IPO.
That's according to sources with direct knowledge of the matter.
The state oil giant is looking to float a one to two per cent stake ...
At 20 billion dollars, it would make it one of the largest ever public offerings.
Speculation has been intense that Aramco's about to fire the starting gun ...
And just weeks ago it was reported to be delaying the launch until after an earnings update.
Media reports suggest it now plans to announce the transaction price on November 17
And to begin trading on the local stock market on December 11.
Though it's not without controversy over a possible 2 trillion dollar valuation for Aramco.
With economies shifting away from fossil fuels - and recent weakness in oil prices - some experts say that's simply too high.
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