Reports that three candidates remain

The world's biggest company is planning the world's biggest IPO and one of the first decisions is where to list it.

The WSJ says the Saudi state-run oil company has soured on Asian exchanges and is now leaning towards New York, London or Toronto.

The obvious answer is New York given that Saudi Arabia's currency is pegged to the US dollar and the size of US capital markets. Never mind the close relationship between Washington and Saudi Arabia.

I imagine if there was a betting line, it would be heavily in favour of New York.