Aramco not responsible for UK IPO reform

Author: Amélie Labbé | Published: 8 May 2017

The London Stock Exchange (LSE) is looking to amend its listing structure to attract larger international companies. But reports linking the decision to the expected initial public offering (IPO) of Saudi oil giant Aramco are exaggerated, according to some market participants.

The proposed changes originate from a February 2017 Financial Conduct Authority (FCA) discussion paper reviewing the effectiveness of the UK primary capital markets to get feedback on any potential enhancements needed. The review focuses on the role that the standard listing framework – which has lower corporate governance requirements than the premium route - plays in practice. It also considers the option of creating an international segment for large overseas companies, a potential new market to expand further into once the UK leaves the EU in 2019.

The company is set to go public with several international exchanges vying for the position to hold the multi-billion dollar listing"The historic rationale for...



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