News
ENERGY & OFFSHORE, FINANCIAL SERVICES | Staff Reporter, Hong Kong
view(s)

Hong Kong emerges as top contender for world's potentially largest IPO

A New York or a London listing is unlikely as Riyadh eyes closer Asian ties.

Hong Kong is giving London and New York a run for its money as it reportedly emerges as the top contender for the public listing of Saudi Arabia’s national oil company Aramco with Riyadh eyeing closer ties with what it sees as “cornerstone” investors in Asia like China and Japan, according to Reuters. 

This comes as Western exchanges require greater disclosure of sensitive information on Aramco than the Hong Kong bourse, which is viewed as a drawback by some Saudi authorities, the sources told Reuters.

However, a final decision has yet to be made by Saudi Crown Prince Mohammed bin Salman who is currently on a foreign trip to Britain and United States.

Here’s more from Reuters:

Photo from WhisperToMe - Own work, CC0

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.