Goldman and Bank of America among underwriters of Saudi Aramco's IPO



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Goldman Sachs and Bank of America have been added to the growing list of underwriters, according to known sources, for what is likely to be the largest public offering ever, Saudi Aramco.

There will be six global coordinators of the IPO, sources said. The list is expected to bring more than $ 1.5 trillion to the world's most profitable oil company, according to bankers, and Crown Prince Mohammed bin Salman has asked for up to $ 2 trillion worth of valuations.

As CNBC announced for the first time on Sunday, J.P. Morgan will likely be the main underwriter. Saudi Arabia continues its advance in November, first on the Saudi stock exchange and then in London or New York next year.

Morgan Stanley and the local Saudi National Bank of Commerce will also be the underwriters of the deal, the Wall Street Journal reported.

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