Monday 12 February 2018

Nasdaq leaves door open for potential Saudi Aramco IPO | Arab News

Nasdaq leaves door open for potential Saudi Aramco IPO | Arab News:

"Adena Friedman, president and chief executive of Nasdaq, has left the door of the second New York stock exchange wide open for a listing of Saudi Aramco, the Kingdom’s oil giant aiming for an initial public offering this year. At the World Government Summit in Dubai, she was asked by Hadley Gamble, CNBC’s Middle East anchor, if Aramco could go for a dual listing on the Riyadh market and Nasdaq and replied: “With any company of that size and liquidity you could support a dual listing and allow fungibility (interchangeability) across markets.” She insisted she was not referring to any specific company, but went on to say that Nasdaq was home to the four largest companies in the world, and that it had attracted $350 billion-worth of listings from companies moving from the New York Stock Exchange to the newer and smaller Nasdaq."



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