Trump Urges Saudi Aramco to List on New York Stock Exchange
- Tweet comes as Saudi leaders plan potential $100 billion IPO
- ‘Geopolitics in action’; legal, financial barriers remain
Euronext CEO Says Aramco IPO Will Take Time
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President Donald Trump personally lobbied Saudi King Salman to list the Saudi Arabian Oil Co. on the New York Stock Exchange during a phone call between the world leaders on Saturday, according to a readout provided by the White House.
The call, which came as the president flew from Honolulu to Tokyo, followed the president tweeting his hope that the listing would occur on a U.S. exchange, raising the political stakes for what would be the largest initial public offering.