This Industry Is the Best Backdoor Play on the Saudi Aramco IPO
November 13, 2019 at 13:30 PM EST
Saudi Arabia has been prepping for the ultimate IPO of its state-run oil industry. According to the company's prospectus, the Saudi Aramco IPO could take place in December, with shares being priced on Nov. 17. Selling shares of the oil giant will bring in billions for Saudi Arabia, putting an impressive trillion dollars on the value of the company. As always, those buying shares in this hot IPO won't be the ones getting rich. It will be those selling shares that reap the rewards. But, there is a sneaky "backdoor" that will pay off in a huge way for investors today. Read more... Tags: IPOs To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post This Industry Is the Best Backdoor Play on the Saudi Aramco IPO appeared first on Money Morning - We Make Investing Profitable .