But you said in your post above there was no difference between the disclosure for a bond and disclosure involved in doing an IPO. And yet now you are admitting there is a difference?
are you illiterate? Apparently so. What I said was this:
wherever you got that from doesn't understand what went into the prospectus. What was disclosed including past years financials, reserves etc was precisely what is included in an IPO. There is nothing missing there. The only difference is for ongoing continuous disclosure which they will not have to do (as yet) because the bond was not issued on a US market. When they get around to an IPO they will be subject to continuous disclosure no matter where they decide to list.
What that means is the information you get from an IPO prospectus is exactly what you would get from the Bond prospectus. The difference (as I carefully pointed out) is in terms of continuous disclosure after the IPO is finished and the company is listed and after the Bond sale is completed.
Were you lying or just displaying your usual ignorance when you claimed the level of disclosure was the same for an IPO and a bond?
Look moron, read what I wrote before putting words in my mouth.
Anyway, the bottom line is I am right again. As I've explained to you multiple times now, the level of disclosure required for a bond is not as great as that required for the completion of an IPO.
Again you are apparently completely illiterate. IPO means intial public offering, all that is required for that is the prospectus which contains the same disclosure items to the same depth as Aramco disclosed in their Bond prospectus. They both serve the same purpose ...i.e. informing the investor of all the relevant information so they can make an investment decision. After the IPO is completed the company is publically listed and as a public company they have continuous disclosure provisions. This has nothing to do with completing an IPO but applies after that has been done to public companies. The two are unrelated.
As the CEO of Aramco has said now that they have completed all the work for disclosure related to the Bond prospectus they have the needed information to proceed with an IPO after the finances are updated to include the SABIC portion and the Bond cashflow items.