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Investors Pile Into Saudi IPOs With $176 Billion in Orders

Investors Pile Into Saudi IPOs With $176 Billion in Orders
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Saudi PIF Is Said to Hit Weak Demand for Marafiq Stake Sale

(Bloomberg) Saudi Arabia’s sovereign wealth fund delayed the potential sale of its remaining stake in a local utility firm after lackluster demand from investors, according to people familiar with the matter.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineAging Trees Show a Crisis Looms for the World’s Everything OilSevere Crash Is Coming for US Of ....

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