Snagging IPO of the decade won't be that easy for Singapore

Singapore

SINGAPORE'S desire to host the IPO of Saudi Arabian Oil Co is understandable. Whe-ther the city-state is the best venue for what could be the world's largest ever share sale is another matter.

The island is considering a range of measures to lure Aramco, including inviting one of its state investment companies to become a cornerstone investor. And Singapore is Asia's No 1 oil trading centre, so investors should have a good understanding of the industry.