News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Aramco IPO stalls over indecision about listing venue

Some people familiar with the process are doubtful that an international listing will take place in 2018

Aramco IPO stalls over indecision about listing venue

Two years after Saudi Arabia's Crown Prince announced the decision to turn oil firm Aramco into the world's largest public company, the initial public offering has stalled over the question about where to list, write Maureen Farrell, Summer Said and Benoit Faucon for The Wall Street Journal

External advisers and officials at the state-owned company have privately cautioned that Prince Mohammed bin Salman's preferred location, the New York Stock Exchange, could expose Saudi Arabia to lawsuits from shareholders and 9/11 victims, people familiar with the matter told WSJ.

WSJ Logo