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London’s Latest Ploy to Attract World’s Biggest IPO

Being awarded an honorary degree is a trophy for the recipient that doesn’t mean much to anyone else. That is essentially what London is handing out to win over Saudi Aramco, the Arab oil giant planning a potential $ 100 billion initial public offering.

The U.K. Financial Conduct Authority Thursday announced proposed rule changes that will allow a sovereign-controlled group, such as Aramco, to qualify for a “premium listing,” meant to…

WSJ.com: Markets

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