NYTimes – Britain Aggressively Courts $2 Trillion Saudi Aramco Listing

The Saudi government has stated that it wants to list 5% of Aramco at the enormous valuation of $2 Trillion.

July 13, 2017

‘London and New York have been battling for months over what could be the biggest public offering in history, Saudi Arabia‚Äôs state energy company Saudi Aramco.

Britain looks to be working hard to land it, with regulators unveiling proposals on Thursday that aim to make it easier for state-owned companies to list on the London Stock Exchange.

Though the Financial Conduct Authority of Britain did not explicitly name the Middle Eastern energy giant when it published the potential new rules, the implication is clear.’

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