NEW YORK (REUTERS) - JPMorgan Chase & Co is close to winning the lead advisory role for Saudi Aramco's initial public offering, a source familiar with the situation said on Sunday (Sept 8).. Read more at straitstimes.com.
NEW YORK - JPMorgan Chase & Co is close to winning the lead advisory role for Saudi Aramco's initial public offering, a source familiar with the situation said on Sunday .
Reuters reported last month that Aramco formally asked major banks to submit proposals for potential roles in its planned IPO. Saudi officials want to push ahead with a listing as early as November, the source said, adding that the tentative plan is to first list on the domestic exchange and then to sell stock in an international listing in 2020.
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