[size=36]There are many risks to Saudi Aramco's listing in New York[/size]
The sources said New York was the stock exchange favored by Prince Mohammed bin Salman before the IPO was suspended last year, even after Aramco's lawyers and some government advisers raised legal concerns, Reuters reported on Friday.
New York offers the world's largest investor base and is vital to the IPO, which aims to attract up to $ 100 billion, an amount that may be difficult for other exchanges to raise. US President Donald Trump has urged the kingdom to list Aramco in New York.
A source familiar with the IPO said the board, made up of government ministers and executives of Aramco, concluded at a meeting this month that it would not consider listing the company in the United States, "unless Aramco is granted sovereign immunity that protects it from any legal process."
"This is of course difficult, if not impossible," the source told Reuters.
The Saudi crown prince hopes to make Aramco worth $ 2 trillion, while some insiders and bankers say the figure is too high.