RBC, Santander, Mizuho Said to Win Coveted Roles on Aramco IPO - Bloomberg:
Royal Bank of Canada, Banco Santander SA and Japan’s Mizuho Financial Group Inc. are among banks that have secured bookrunner roles on Saudi Aramco’s initial public offering, people with knowledge of the matter said.
Chinese investment bank BOC International Holdings Ltd. and Tokyo-based Sumitomo Mitsui Banking Corp. are also among 15 joint bookrunners chosen by Aramco, the people said. Middle Eastern firms Saudi Fransi Capital, Al Rajhi Capital, Riyad Bank and EFG Hermes were also picked, the people said.
Aramco is accelerating its listing plans after recovering faster than expected from the biggest terror attacks in its history. The state oil giant plans to formally kick off its much-anticipated IPO next month by announcing the intention to float on Oct. 20, with a target of listing as soon as November, Bloomberg News has reported.
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