Borouge Plc's $2 billion initial public offerings are collecting interest from BlackRock Inc. and Fidelity Asset Management

According to persons familiar with the situation, UAE chemical company Borouge Plc's $2 billion initial public offerings are receiving interest from BlackRock Inc. and Fidelity Asset Management, as fund managers scramble for a piece of the newest hot Middle Eastern listing.

According to the persons, BlackRock and Fidelity are among the worldwide funds competing for equity in the offering. They asked not to be identified because t....