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Stock impact report

Saudi Port Operator Said to Pick Banks for Up to $1 Billion IPO [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself City Hall Is Hiring London's Tube Fares Are Set to Rise by 4.6% Next Year American Institute of Architects CEO Resigns The port operator owned by the kingdom's Public Investment Fund and Singapore's PSA International Pte could be listed as early as next year, according to the people, who declined to be named discussing confidential information. The deal could raise up to $1 billion, the people said. No final decisions have been made on the timing and size of the offering. Representatives for Saudi Global Ports, PIF, PSA, Goldman and HSBC declined to comment. Bloomberg News previously reported that the port operator was among the companies owned by the PIF that was being considered for an IPO. PSA is owned by Singapore's state investor Temasek Holdings Pte. Get the Mideast Money newsletter, a weekly look at the intersection of wealth and power in Show less Read more
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