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Friday, 10 March 2017

Evercore Said to Win Advisory Role on Record Aramco IPO - Bloomberg

Evercore Said to Win Advisory Role on Record Aramco IPO - Bloomberg:

"Evercore Partners Inc., the U.S. bank founded by Roger Altman, won a role to advise on the planned initial public offering of Saudi Arabian Oil Co., according to people familiar with the matter, getting a coveted spot on what may be the largest-ever listing. Evercore will work alongside rival Moelis & Co. as a financial adviser, the people said, asking not to be named as the details aren’t public yet. Aramco, as the state-owned oil giant is known, is also in the process of appointing investment banks to underwrite the IPO, they said."



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