Deals
Aramco Pushes Ahead With IPO Work After Major Attacks
- Oil giant still considering holding analyst meetings next week
- Firm hired banks including Morgan Stanley, Citigroup last week
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It’s still business as usual for the bankers hired to sell a piece of Saudi Aramco in the wake of attacks on its biggest facilities that slashed oil output by half, according to people with knowledge of the matter.
For financiers hired to get the deal done, the real difficulty in finding buyers to pay top dollar in the world’s biggest initial public offering will emerge only if there are follow-up bombardments, the people say. Those would heighten the risks that bankers say are just a cost of doing business in the region and that some analysts say are being ignored for the sake of completing this trophy transaction.