Investors prepare for Aramco IPO but worry about valuation

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By Sam Kerr
14 Oct 2019

Equity investors expect there will be an IPO of Saudi Aramco this year as long as Saudi Crown Prince Mohammed Bin Salman (MBS), and the Saudi government, go ahead with the deal at a valuation below his $2tr aim. But some are concerned the Saudi's will push ahead with whatever value they deem the company is worth, regardless of initial feedback.

Bank of AmericaCitiCredit SuisseGoldman SachsJP MorganMorgan Stanley and HSBC are among a large consortium of international banks working on the deal.

Sources have confirmed reports from the Middle East last week that there is significant momentum behind the IPO and on Monday ...

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