Deals
Aramco Is Said to Pick Top Underwriters for Blockbuster IPO
- Oil giant began informing banks of their selection on Tuesday
- Bankers courted Aramco officials in Dhahran, Dubai and London
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Saudi Aramco has picked a slew of banks to work on its planned initial public offering following intense lobbying by some of the world’s top dealmakers, people with knowledge of the matter said.
Aramco selected firms including Bank of America Corp., Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for top roles on the deal, according to the people. It is choosing as many as nine joint global coordinators including some Middle Eastern banks, the people said, asking not to be identified because the information is private.