Morgan Stanley Is Latest Bank to Offer $1 Trillion Aramco Spread
- Valuation of oil giant has been sticking point during process
- The price range for the IPO will be announced on Nov. 17
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Morgan Stanley is one of the most bearish -- and bullish -- on Saudi Aramco’s valuation.
In a presentation for investors, Morgan Stanley bankers ran through several valuation models that gave a spread of about $1 trillion between the most bearish and bullish scenarios.