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

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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.  

 

 

 

 


Written by
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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