{"id":177221,"date":"2019-11-19T20:12:00","date_gmt":"2019-11-20T01:12:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/11\/19\/schadenfreude-alert\/"},"modified":"2019-11-19T20:12:00","modified_gmt":"2019-11-20T01:12:00","slug":"schadenfreude-alert","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/11\/19\/schadenfreude-alert\/","title":{"rendered":"Schadenfreude Alert!!!!"},"content":{"rendered":"<p>It appears <a href=\"https:\/\/www.ft.com\/content\/1feba42e-0a4a-11ea-b2d6-9bf4d1957a67\">The House of Saud&#8217;s IPO for Aramco is going about as well as WeWork&#8217;s<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">Some of the world\u2019s top investment bankers gathered at a Riyadh palace on Saturday to deliver their final recommendations on a project that had consumed the government of Saudi Arabia for the past few years: the initial public offering of Saudi Aramco.<\/p>\n<p>The financiers were there to meet Yasir al-Rumayyan, the state oil company\u2019s chairman and the head of the country\u2019s sovereign wealth fund, along with cabinet ministers and the company\u2019s leadership.<\/p>\n<p>Their message would disappoint the hosts: international investors were unwilling to buy shares in Saudi Aramco anywhere near the $2tn valuation long sought by the kingdom\u2019s powerful Crown Prince Mohammed bin Salman. No amount of sweeteners \u2014 from promises of higher dividends to bonus shares for local retail investors \u2014 had managed to change that reality. <\/span><\/p><\/blockquote>\n<p>It could not happen to evern <\/p>\n","protected":false},"excerpt":{"rendered":"<p>It appears The House of Saud&#8217;s IPO for Aramco is going about as well as WeWork&#8217;s: Some of the world\u2019s top investment bankers gathered at a Riyadh palace on Saturday to deliver their final recommendations on a project that had consumed the government of Saudi Arabia for the past few years: the initial public offering &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[588,509,444,486],"class_list":["post-177221","post","type-post","status-publish","format-standard","hentry","tag-fail","tag-house-of-saud","tag-international-finance","tag-schadenfreude"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/177221"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=177221"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/177221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=177221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=177221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=177221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}