Ahead of Saudi Aramco IPO, Nasdaq CEO says massive companies could benefit through dual-listing

Traffic flows down Broadway past the Nasdaq market site in Times Square October 17, 2002 in brand new York City.

Stephen Chernin | Getty Images News | Getty Images

Traffic flows down Broadway past the Nasdaq market site in Times Square October 17, 2002 in brand new York City.

Nasdaq CEO Adena Friedman said Monday of which there can be a case for companies on course to deliver a significant amount of liquidity to consider a dual-listing.

State oil giant Saudi Aramco can be required to launch its initial public offering (IPO) inside the second half of 2018. The planned floatation has left a flurry of global stock exchanges competing to host the planet’s largest oil producer — with the listing poised to become the largest in history.

Speaking to CNBC at the planet Government Summit in Dubai, Friedman said a company looking at the prospect of dual-listing across different time zones could usually be able to benefit through “liquidity pools” as people wake up in different parts of the planet.

as well as when asked whether investors could expect to see Saudi Aramco list on the Nasdaq later This particular year, she replied: “Companies want to be part of the future, they don’t necessarily want to be part of the past… We are extremely proud of all the companies of which choose to come to Nasdaq however we don’t comment on any specific issuer.”

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eighteen + 13 =