ECM investors wait for Aramco range

Aramco_oil_refinery_PA_230x150_nov13
By Sam Kerr
13 Nov 2019

Equity capital markets investors are waiting eagerly for the price range for Saudi Aramco's IPO and are hoping the Saudi state has listened to the feedback they have given it so far.

During two years of preparation for the deal, there have been continuous reports from Saudi Arabia that the country’s crown prince, Mohammad bin Salman, wants a price that values his country’s corporate crown jewel at $2tr.

But bankers working on the deal have said that the span of possible ...

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