Hong Kong and London have been lobbying over the last several years to host the world's largest IPO.
Saudi Aramco is reportedly considering splitting its massive IPO between Saudi Arabia and another international exchange, but it could shun London and Hong Kong as geopolitical tensions continue to flare. According to The Wall Street Journal, Tokyo has risen as a surprise front-runner to host a part of the IPO. It seems that fears of a no-deal Brexit and ongoing political unrest in Hong Kong have started to scare off companies from listing on exchanges within the two financial hubs.
Saudi Aramco is reportedly considering splitting its massive IPO between Saudi Arabia and another international exchange, but it could shun London and Hong Kong as geopolitical tensions continue to flare. According to The Wall Street Journal, Tokyo has risen as a surprise front-runner to host a part of the IPO. It seems that fears of a no-deal Brexit and ongoing political unrest in Hong Kong have started to scare off companies from listing on exchanges within the two financial hubs.
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