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Friday, 31 March 2017

Banks secure key adviser roles on Saudi Aramco IPO

Banks secure key adviser roles on Saudi Aramco IPO:

"Saudi Arabia has appointed banks to conduct preparatory work on the initial public offering of Saudi Aramco, the world’s largest oil producer, which is aiming to become the most valuable listed company. The state-controlled company has hired JPMorgan, Morgan Stanley and HSBC as financial advisers for the listing, said four people briefed on the matter. This initial role suggests these banks will ultimately be the lead underwriters for the IPO, working as global coordinators, added two of these people. Saudi Aramco did not respond to a request for comment."



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