Aramco pits London against New York as Saudis pick venue for IPO

Saudi oil company Aramco aims to be listed next year, and stock exchanges around the world are vying for what could mark the largest IPO ever.
Photo: /ritzau/AP/Matt Dunham
Photo: /ritzau/AP/Matt Dunham
BY ANTHONY DIPAOLA, BLOOMBERG

Saudi Arabia aims to sell about 5 percent of Saudi Aramco in an initial public offering next year, and stock exchanges from the UK to Japan are vying for what may be the world's richest IPO.

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