SGX still in the running for Aramco IPO, says chief Loh

(Oct 27): Singapore Exchange’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering.

“We’re as good as any other exchange,” Loh Boon Chye said in a Bloomberg Television interview in Riyadh, Saudi Arabia. “We stand as good a chance as any others.”

At least half a dozen exchanges including those in New York, London, Hong Kong, Tokyo and Toronto are vying for a slice of Saudi Arabian Oil’s IPO. The head of the kingdom’s local bourse said earlier this week it’s aiming for exclusive rights to host the share sale.

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