RPT-Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

RPT-Banks expected to share tiny proportion of mammoth Saudi Aramco IPO:

"The banks that will advise and execute Saudi Aramco’s stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders. Investment banks involved in the listing IPO-ARMO.SE are expected to share a fifth of a percent of the money raised, they said, but noted that could still amount to about $200 million. The listing of 5 percent of the state oil company’s shares could be the largest IPO in history, almost five times the size of current record holder Alibaba, the Chinese e-commerce company which went public in New York in 2014."



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