Why snagging Aramco IPO won't be easy for Singapore

Its average daily stock trading was well below Hong Kong and London.

According to a report from Bloomberg, Singapore's desire to host the IPO of Saudi Arabian Oil Co. is understandable. Whether 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.But there are plenty of reasons other cities stand a better chance. Singapore's average daily stock trading was about $761 million last year, well below Hong Kong and London, and IPO volumes aren't what they were.

Get to know the full story here.