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Goldman Sachs is hoping to give advice to Saudi Aramco during its IPO, with new information that the oil giant is preparing to restore the largest listing ever recorded in the world.
The US investment bank has sent leaders to the kingdom in recent months as part of a campaign to secure a stake in Aramco's float, worth up to $ 100 billion.
Last year, Aramco suspended its SEO plans and dissolved its advisors in the face of volatile markets and rising oil prices. Goldman was not part of the initial group of banks, which included JPMorgan, Morgan Stanley and HSBC as underwriters.
Goldman has not yet formulated a formal opinion on the deal, but is currently doing preparatory work and sending executives to the region, including Dina Powell, former advisor to US President Donald Trump, according to a report in the newspaper. . Financial Times.
Goldman declined to comment.
Mohammed Bin Salman, the Saudi Crown Prince, announced last year his intention to list 5% of Aramco for a valuation of USD 2,000,000 – making it the largest IPO ever recorded in the world. The Wall Street Journalannounced in early August that the IPO could now take place as early as next year.
Moelis & Co, the specialized investment bank founded by negotiator Ken Moelis, advises the Saudis on the deal, while the independent investment bank Lazard is also expected to secure a place in the deal.
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