NYSE not given up on Aramco IPO, as Saudi bourse eyes exclusive role | ZAWYA MENA Edition:
"The head of the New York Stock Exchange has not given up on the initial public offering (IPO) of Saudi Arabian oil company Aramco, even as the kingdom's bourse operator said it aspired to be the exclusive venue for the listing.
Thursday's comments add to the mystery about Aramco's listing venues as global exchanges compete to win part of the flotation as it will bring a major boost to trading volumes.
Saudi Aramco's chief executive said this week that domestic and international exchanges such as New York, London, Tokyo and Hong Kong have been examined for a partial listing. The $100 billion IPO is aimed at helping raise the kingdom's profile in the eyes of overseas investors, a key part of its goal to reform the economy that is reliant on oil revenues. "
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