Wednesday 8 November 2017

Just why did Trump tweet about the Saudi Aramco IPO? | Arab News

Just why did Trump tweet about the Saudi Aramco IPO? | Arab News:

"Where does the initial public offering (IPO) of Saudi Aramco stand after the dramatic weekend intervention by President Trump in support of attempts by the New York Stock Exchange (NYSE) to stage the record-breaking IPO? Even by his own standards, it was an extraordinary tweet from the president. He said he would “appreciate” it if the Kingdom chose the NYSE rather than the other range of options it is considering. That is the transactional language of a businessman president, and suggested Trump would show his appreciation in some way if Saudi Arabia went for the NYSE. “Important to the United States!,” he exclaimed, underlining the historic significance of the Aramco IPO, which at $100 billion is set to be the biggest in history and four times the size of the previous record holder, Alibaba of China, also on the NYSE, in 2014."



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