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Wednesday, 15 March 2017

Nasdaq CEO says tech partnership can help win $100 billion Saudi Aramco IPO | Reuters

Nasdaq CEO says tech partnership can help win $100 billion Saudi Aramco IPO | Reuters:

"Nasdaq Inc is touting its technology credentials in its effort to win the listing of Saudi Aramco's upcoming initial public offering, the exchange operator's chief executive said in an interview. Financial centers around the globe, including New York, London and Tokyo, have been making a special effort to win the oil giant's $100 billion listing, which is expected to be the largest IPO ever. Nasdaq is already the technology provider to Saudi Arabia's exchange, and will use that relationship to promote the idea of a dual listing in Riyadh and another global market, Nasdaq CEO Adena Friedman said. Nasdaq is based in New York, where its exchange operates, but offers technology services to other global exchanges."



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