World bourses vie to host on-again, off-again Aramco IPO
London and Hong Kong are actively pitching for the listing from which Saudi Arabia expects to raise as much as $100bn
London — The largest global stock exchanges have restarted efforts to court Saudi Aramco as the battle to host the world’s biggest-ever initial public offering (IPO) heats up again, people with knowledge of the matter said.
Top officials from London Stock Exchange(LSE), the New York Stock Exchange and Hong Kong Exchanges (HKEX) and Clearing have been actively pitching the oil giant in recent weeks, according to the people. LSE CEO David Schwimmer is among those who visited Saudi Arabia in the past month to woo Aramco officials, the people said, asking not to be identified because the information is private...