Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, July 18, 2017. (AP Photo/Eugene Hoshiko)
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When members of Saudi Arabia's royal family visited Japan last September and again in March, the Asian country made sure at least one message got through: Please list Saudi Aramco in Tokyo.The Saudi Arabian Oil Company, or Saudi Aramco, which is currently fully owned by the Saudi Arabian government, is prepping to go public in a deal that will value the company at as much as 200 trillion yen ($1.78 trillion), Kiyota said. BNP Paribas SA, Boeing Co. are among companies that used to trade on the Tokyo exchange but were delisted in 2009 and 2008, respectively. Saudi Aramco would set itself apart with the sheer size of its listing and pave the way for Tokyo to be acknowledged as one of the "most favored" destinations for IPOs, Kiyota said. Although no promises have been made on whether Saudi Aramco will opt to list any of its shares in Tokyo, Kiyota has his hopes.
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