WSJ News Exclusive | Big U.S. Investment Banks Crowd Into Aramco IPO

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Saudi oil giant Aramco has chosen nine banks to underwrite its listing, including JPMorgan Chase, Citigroup and Goldman Sachs

Global investment bankers launched the underwriting process for the initial public offering of Saudi oil giant Aramco in Dubai on Thursday, a sign financiers who shunned the kingdom in the immediate aftermath of the murder of journalist Jamal Khashoggi are turning the page.

Government-owned Saudi Arabian Oil Co. has so far chosen nine banks to underwrite its listing: JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs Group Inc., Bank of America Merrill Lynch, Citigroup Inc., HSBC Holdings PLC, Credit Suisse Group AG and...

 

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Aramco has picked jpmorgan and MorganStanley to lead their upcoming IPO. equilarinc notes that JPMorgan Chase CEO James Dimon earned $30,019,840 in 2018, while Morgan Stanley CEO James Gorman earned $26,545,324. $JPM $MS execcomp CorpGov Source:

I see no link between JK case and Aramco IPO. WSJ stop using JK’s tragedy all the time 👎🏻

BIG BANKS BACKING OIL!! WHY WOULD YOU DO THAT

They're all napping together! Money talks, fairness walks

Alaska bank .trump bank . Cheese bank and

For an asset class on its way to zero. Cool.

Investing with a monster.

🆎🅾️🅱️🅰️💰

Don't do it the moment you do this you lose the right to make choices for your self

There is only ever one winner in an IPO - the sellers and that includes those banks. Exactly how much more money do they need/want?

no Chinese banks available that weekend? $JPM $GS $C

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 /  🏆 98. in JP

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