Trump Pushes for Record-Setting Saudi Aramco I.P.O. in U.S.
- 7 years ago
Trump Pushes for Record-Setting Saudi Aramco I.P.O. in U.S.
Though Saudi officials have expressed support for choosing the New York market, which is considered to have the deepest pool of investor capital in the world, analysts say
that an American listing could expose the Saudi government to lawsuits as well as stricter corporate regulations.
LONDON — Stock markets around the world have been fighting hard for the chance to handle the
stock market listing of Aramco, the giant oil company owned by the Saudi Arabian government.
At a conference hosted by the Saudi government last month, Aramco officials said
that they were still on track to take their company public in the second half of 2018.
In a tweet, Mr. Trump urged Saudi Arabia to pick the Big Board as the international venue for the initial public offering of Aramco.
Though Saudi officials have expressed support for choosing the New York market, which is considered to have the deepest pool of investor capital in the world, analysts say
that an American listing could expose the Saudi government to lawsuits as well as stricter corporate regulations.
LONDON — Stock markets around the world have been fighting hard for the chance to handle the
stock market listing of Aramco, the giant oil company owned by the Saudi Arabian government.
At a conference hosted by the Saudi government last month, Aramco officials said
that they were still on track to take their company public in the second half of 2018.
In a tweet, Mr. Trump urged Saudi Arabia to pick the Big Board as the international venue for the initial public offering of Aramco.