Saudi Aramco could skip the red tape and list its IPO at home

ArticleEnergyMarch 14, 2018 - 6:40:54 AM

Saudi Aramco could choose to simplify the IPO process by starting with an offering in its home market as well as private placements with Asia investors.

Saudi Arabia's state-owned oil giant Saudi Aramco could first issue stock on its home market and privately place shares in the hands of big Asian investors before facing the complexity of listing on an international exchange.

That is one idea under consideration for what could be the world's largest public offering. Starting the process in Saudi Arabia could simplify Aramco's recapitalization, which is a centerpiece of the kingdom's goal of diversity away from oil under Crown Prince Mohammed bin Salman's Vision 2030 plan...

Source:cnbc.com

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