HSBC wins mandate on Saudi Aramco IPO, says CEO

24/04/2017 Argaam

UK’s HSBC Holdings Plc has been formally mandated to advise on state-owned Saudi Aramco’s initial public offering in 2018, Reuters reported on Monday, citing chief executive Stuart Gulliver.

 

HSBC will join New York-based JPMorgan Chase & Co and Morgan Stanley as financial advisers on the listing of five percent of Aramco, valued at $100 billion. The listing, set to be the world’s largest, is expected in the second half of 2018.

 

The kingdom had earlier appointed New York-based investment banks Moelis & Co and Evercore Partners Inc. to advise on the share sale.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.