Friday, 12 January 2018

Hong Kong Might Get Aramco. Could It Keep It? - Bloomberg Gadfly

Hong Kong Might Get Aramco. Could It Keep It? - Bloomberg Gadfly:

"Was there ever really an Asian contender apart from Hong Kong to host Saudi Arabian Oil Co.'s IPO? Unlikely. The challenge for the world's largest oil company, if it lists in the territory, will be keeping investors interested once trading starts.Saudi Arabia has shortlisted the city, along with London and New York, for the international portion of a potential Aramco listing, Reuters reported, with the main float slated for Riyadh.As the world's largest IPO venue, New York makes sense. London is logical as the center of global commodity trading. Hong Kong, while down in the rankings for global listings, remains a large source of cash."



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