Political Turmoil in Saudi Arabia Could Place ARAMCO IPO and Potential MSCI EM Status at Risk

Clement K. Miller, CFA |
Wilmington Wire
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November 10, 2017— Saudi Arabia is planning an IPO for 5% of ARAMCO, the state-owned oil company, for 2018 or 2019. With an estimated value ranging from $50-$100 billion, the IPO would be the largest-ever IPO. The proceeds are slated to fund a capital increase in Saudi Arabia’s sovereign wealth fund, the Public Investment Fund. New York and London are competing to be the listing venue – President Trump even promoted New York by tweet.

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What to Look for as Tax Reform Debates Heat Up

Meghan Shue |
Wilmington Wire
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November 8, 2017— There is no single issue that has been discussed more since the November 2016 presidential election than tax reform. This is particularly true within investment circles, though sentiment regarding likelihood of passage has ebbed and flowed throughout this year. Last Thursday the House Republicans released the Tax Cuts and Jobs Act, a bill that would cut taxes by about $900 billion for individuals and almost $600 billion for companies. Static scoring (i.e.

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Where is the Lyft? The Rise of the Gig Economy

Wilmington Wire
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November 2, 2017— Technological advances have fundamentally changed the way our society exchanges goods and services and have paved the way for the rise of the “gig economy.” This type of economy is mainly made up of flexible jobs that are usually short term in nature and are composed mostly of independent contractors and freelancers instead of full-time employees—think about the Ubers, Lyfts, and Airbnbs of the world.

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