Aramco IPO sparks exchange scramble
Published on 15 Aug, 2016
Saudi Aramco鈥檚 proposed IPO is raising as many questions as answers, not least over which foreign bourse will host the overseas listing, writes James Gavin
Touted as the world鈥檚 biggest ever public flotation, the proposed initial public offering (IPO) of 5% of state oil company Saudi Aramco is the cornerstone of the kingdom鈥檚 bold economic reform drive. The listing promises not just to galvanise the sluggish listing pipeline of the Saudi Tadawul exchange, but have a truly global impact.
