These Are the Saudi Aramco IPO Underwriters

The Saudi Aramco IPO moved another step closer as Aramco announced JPMorgan, Morgan Stanley, and HSBC will be the lead underwriters for the oil giant’s public offering.

The fees alone for participating banks could total more than $1 billion.

That’s because the Aramco valuation is over $2 trillion, which will make it the biggest IPO of all time…


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