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Britain seeks to loosen IPO rules to lure Saudi Aramco; investors worried

FCA proposals on Thursday would create a new listing category for companies controlled by sovereign

Reuters  |  London 

Britain wants to loosen rules on listing state companies in a move that could help London win the lucrative initial public offering (IPO) of oil giant Saudi Aramco, raising minority investors' fears. The Financial Conduct Authority's (FCA) proposals on Thursday would create a new listing category for companies controlled by sovereign states and come as exchanges vie to win the Aramco initial public offering, which is set to be the largest ever. But they met with criticism from British fund managers, who have already expressed concerns about Aramco's ...

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First Published: Thu, July 13 2017. 23:13 IST
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