Saudi Aramco plans for potential international listing

• "The world’s largest publicly traded company is in discussions with Wall Street banks to draw up scenarios for a second listing overseas, according to the people, who asked not to be identified because the information is private," they report.
• But their piece and a Reuters report note that it's unlikely to occur this year.

The intrigue: Plans for an international listing have been a moving target for years, especially after the kingdom split the listing plan and focused on the domestic IPO, which finally happened in December and raised $29 billion.

Why it matters: It would bring a fresh infusion of capital into the kingdom, which is using the transformation of Aramco into a traded company to raise money to help with the country's economic diversification.

• Banks working on the deal wouldn't do too badly either.