Singapore Exchange Hopes To Win Listing Of World’s Biggest IPO

Singapore Exchange Ltd claims they are in a strong position to win the listing of the world's biggest IPO, Aramco.

Singapore Exchange Ltd claims they are in a strong position to win the listing of the world's biggest IPO, Aramco. Speaking of this news, Singapore Exchange Ltd CEO Loh Boon Chye, he said: "We're as good as any other exchange and we stand as good a chance as any others." The others he mentioned are the six or more other stock exchanges also vying to list the Saudi state-owned oil giant include: New York, London, Hong Kong and Tokyo.

Aramco has been valued as worth up to US$2 trillion, making this a world-changing listing. “For global companies that have a significant global presence, listing beyond one venue allows for wider investor participation,” Loh said.

The planned debut of Aramco on the stock exchange is a key part in Saudi's new economic plan, led by Crown Prince Mohammed bin Salman, proposed to wean the Kingdom from its economic dependency on oil as reserves continue to decline.


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Poppy covers a wide range of topics at Billionaire, having spent the past 13 years at companies including Singapore Tatler, Her World Plus and Harpers Bazaar UK. She has a passion for fashion, jewellery and travel as well as an avaricious fascination with crime novels. Follow her at poppypskinner on Instagram.

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