That is the most obvious gain of inflating their reserve numbers. It should ring a warning bell, if a relative old company is going to the stock market. That means, the owners want to cash in at the current value and they don't believe in huge value gains.
The typical reason for an IPO is a company in its early life phase which needs money to grow. There is no lack of cash in SA, so why would they sell off Aramco, if it had a great future?
