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ARMCO IPO Shares

 

 Aramco IPO management ignites competition from more than 20 banks

 

 Managing the Initial Public Offering (IPO) of the oil giant, Aramco, at its headquarters in Dhahran,

  Which is the world's largest IPO,

 According to information quoted by the network "Bloomberg" US informed sources.

 

 The sources said that Aramco has invited more than 20 American, European and Asian banks to submit their offers in the IPO which was postponed until the completion of the acquisition of 70% of the petrochemical giant SABIC.

 

 Bloomberg confirmed that officials from the London Stock Exchange, the New York Stock Exchange and the Hong Kong Stock Exchange are vying to host the IPO.

 

 Sources revealed last week that Aramco had appointed investment banks Lazard and Moylis to advise on the IPO and that they were already preparing for the IPO, and would help choose underwriters, identify appropriate markets for the offer, and ensure that Aramco is evaluated "In line with expectations.

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