Boutique Bank Beats Well Known Banks to be Sole Advisor for Saudi Aramco
Moelis and Co, a boutique Wall Street Investment Bank has been chosen as the sole independent advisor for the IPO of Saudi Arabia’s state oil company, Saudi Aramco. Morgan Stanley, HSBC were banks that received a request for proposals for the world’s biggest initial public offering. It is believed that the firm will have a valuation of roughly $2 trillion.
“Moelis and Co, a boutique Wall Street Investment Bank has been chosen as the sole independent advisor for the IPO of Saudi Arabia’s state oil company, Saudi Aramco.”
Moelis had previously worked for Samsonite for its $1.3 billion IPO in 2011 and the plastic pipe Polypipe Group Plc on its £320 million IPO in 2014.
About Moelis and Co
Moelis & Company (NYSE:MC) is a leading global independent investment bank that provides innovative, unconflicted strategic advice to a diverse client base. We assist our clients in achieving their strategic goals by offering comprehensive, globally integrated financial advisory services across all major industry sectors. Our dynamic advisory practice supports clients through all phases of the business cycle through expert capabilities in M&A, Recapitalization & Restructuring, Capital Markets and Financial Institution Advisory. We serve our clients with about 650 employees based in 17 offices in North and South America, Europe, the Middle East, Asia and Australia.
Visit: Moelis and Co
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