US-inspired market volatility does not enhance the case of Aramco to list on NYSE | Arab News:
"If Saudi Aramco had been listed on the New York Stock Exchange on Monday at its officially estimated market value of $2 trillion, it would have lost nearly $100 billion in value between the opening and closing bells.
The Dow Jones Industrial Average Index — in which Aramco would surely be included if it ever gets on the Big Board — fell by 4.6 percent on the day. Put another way, the entire value of the initial public offering of 5 percent of the shares, if they were listed exclusively on NYSE, would have been virtually wiped out in a single day.
That is a sobering thought for the investment bankers, consultants and lawyers who are “beauty parading” in the Kingdom."
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