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Bankers Go to Saudi Arabia to Pitch for World's Biggest IPO

  • Dealmakers to pitch for a role on IPO in Dhahran from Tuesday
  • Lazard and Moelis have restarted preparatory work on the sale
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Saudi Aramco Holds Biggest IPO Prize for World's Top Banks
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Global banks will this week start making their case on why they should be hired for what’s set to be the world’s biggest initial public offering, according to people with knowledge of the matter.

Dealmakers representing advisory firms from around the world will from Tuesday travel to Saudi Aramco’s headquarters in Dhahran in the kingdom’s Eastern Province to compete for a role on the offering that’s planned for as early as 2020, the people said, asking not to be identified as the information is private.