Lukoil: The Russian oil major may seek an additional stock-exchange listing in Hong Kong or Singapore as early as next year. Lukoil is currently traded in London, with market cap of US$50bn, surpassing SGX’s largest listing, SingTel which has a market value of US$38bn…
A successful dual-listing of Lukoil may pave the way for other mega dual listings of oil, commodities companies to follow suit. If such a scenario does play out, the potential for re-rating of the leading Asian trading bourses (SGX, HK) could be enormous, since the improvement in quality and depth of the market would likely translate to significantly higher trading volumes.
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