Saudi Arabia's IPO Fail? : Planet Money After years of teasing, deliberating and negotiating, oil behemoth Saudi Aramco finally looks poised to go public. But the IPO is shaping up to be a lot more modest than the original plan.
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Saudi Arabia's IPO Fail?

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Saudi Arabia's IPO Fail?

Saudi Arabia's IPO Fail?

Saudi Arabia's IPO Fail?

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Simon Dawson/Bloomberg/Bloomberg via Getty Images
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018. Saudi Arabia is seeking to transform its crude-dependent economy by developing new industries, and is pushing into petrochemicals as a way to earn more from its energy deposits. Photographer: Simon Dawson/Bloomberg via Getty Images
Simon Dawson/Bloomberg/Bloomberg via Getty Images

After a years-long dance with investors, banks and international markets, Saudi Arabia announced it would be selling shares of its enormous, state-owned oil company, Saudi Aramco. But shares will only be available on its local stock exchange, Tadawul.

Everything about the IPO is more modest than the anticipated deal, which has been the cause of much speculation and competition for years. What does this smaller, more modest IPO mean for the kingdom. Is this an IPO fail?