London Stock Exchange Group chief executive Xavier Rolet has joined the Prime Minister on a visit to Saudi Arabia at a time he is attempting to win a role in the world’s largest initial public offering (IPO).
Evercore Partners, the U.S. bank founded by Roger Altman, won a role to advise on the planned initial public offering of Saudi Arabian Oil Co., according to people familiar with the matter, getting a coveted spot on what may be the largest-ever listing.
Global banking giants are set to compete for an advisory role on oil goliath Saudi Aramco’s multi-billion-dollar float, which is expected to be the world’s biggest initial public offering.
Top of the agenda.
Saudi Arabia’s potential initial public offering of its state oil company could be the largest ever, a juicy target for any ambitious Wall Street bank. In a country traditionally cold to outsiders, only a few have the experience to win it.
Donald Trump has spoken with the Saudi king about listing oil giant Aramco in the US, the President has revealed, and it's something the country is considering.
The chief executive of the Financial Conduct Authority has admitted meeting officials from Saudi Aramco before publishing plans to water down rules in an attempt to attract the $2tn (£1.5tn) stock market listing of the oil giant to London.
The Square Mile’s governing authority is throwing its weight behind new rules to attract the Saudi Aramco mega-float, pitting itself against other major bodies including the Institute of Directors (IoD) and the Investment Association, City A.M. can reveal.