| Saudi Arabia is considering a dual listing as a way to reach investors beyond the local stock market for the sale of shares in state-owned oil giant Aramco, which could be the world’s largest initial public offering, the kingdom’s deputy crown prince said.
Prince Mohammed is leading the planning for the sale of less than 5 percent in Aramco, which is targeted for 2017-2018. It could raise as much as $106 billion, according to the Sovereign Wealth Fund Institute, making the company the largest publicly traded one in the world, with a market capitalization over $2 trillion. The remaining Aramco stake not sold in the IPO, which is now held directly by the government, will be transferred to the country’s sovereign-wealth fund...............................................Full Article: Source
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