HSBC to leapfrog Barclays as Aramco's debut to reshuffle equity rankings

Saudi Aramco’s record-shattering stock market debut is redrawing the league tables.

HSBC Holdings Plc will be catapulted into the top 10 equity arrangers in Europe, the Middle East and Africa for the first time in five years, kicking Barclays Plc off the list after it missed out on the world’s biggest initial public offering.

Aramco alone will be enough to move HSBC up two spots to 10th place on the main league table tracking stock offerings in EMEA, according to an analysis of Bloomberg data. Societe Generale SA, which had a junior role in the oil giant’s listing, will advance one spot