Saudi Aramco’s ‘to do’ list before it can make IPO history | Arab News:
"Matters are slowly, and cautiously, being clarified in the run-up to the record-breaking initial public offering (IPO) of Saudi Aramco, which will be the world’s biggest stock market flotation when it eventually debuts on global exchanges. The plan is still to get the shares — up to $100 billion worth of them — away by the end of next year, but there is a lot to do between now and then. There has not been much said publicly by the company since the publication of its annual review a month ago, but behind the scenes the army of policymakers, advisers and consultants involved in the IPO preparation are working hard to get through the “to do” list. The issue that has hogged the headlines for the past few weeks has been: New York or London? The two biggest markets in the Western world have made no secret of their desire to get Aramco on their trading boards, and London in particular has shown a willingness to be “flexible,” to the extent that some in the investment community have shouted “special treatment.”"
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