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The largest IPO or ready Saudi Aramco in history is expected to be valued at $trillion

the largest IPO or ready Saudi Aramco in history is expected to be valued at $trillion

March 29, 2018

[China paint information] Saudi Aramco will hold a public offering in China in the second half of this year and may enter the international market in the future. In this regard, the NASDAQ executive said that the New York Stock Exchange would make all preparations to welcome it

Saudi Arabia is preparing for the initial public offering of the state-owned oil company Aramco. Sarah al suhaimi, chairman of the Saudi stock exchange, said on Tuesday (March 27): in order to ensure the safety and reliability of the experimenters, tested products and experimental equipment, "we are making every effort to prepare for the initial listing of Aramco."

the exchange, also known as tadawul, has carried out many reforms in the past two years, including the split of the deposit center last year, and the transaction settlement cycle has been extended from the same day to two trading days

al suhaimi said: "all these are for the purpose of opening up Saudi Arabia's investment market, adapting to international investors and some of its main requirements in the investment market, with an average annual growth rate of more than 24%." these investors started in 2015, and the inflow of funds has become more and more rapid in the past 12 months. "

but earlier this month, according to insiders of the oil company, any international listing plan may be delayed. It is currently expected that the public offering may be held in China in the second half of this year

at the energy luncheon meeting on Tuesday, Friedman, CEO of NASDAQ, said: "NASDAQ is particularly close to the Saudi exchange. We have been a technical partner for 20 years. In the past two years, we will pay close attention to the mechanical properties of fasteners, bolts, screws and bolts gb/t3098.1 (2) 000, pay attention to the development of core elements of international infrastructure, and welcome investment in overseas assets."

as for Aramco's vision of IPO in the international market, Friedman said: "if they decide to list outside Saudi Arabia, we certainly do everything we can to ensure that the New York Stock Exchange is the best choice for them to list."

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