Selling Aramco: The Wall Street A-Listers on Oil Giant’s IPO (1)
By Matthew Martin, Dinesh Nair, Sonali Basak and Archana Narayanan
Oct. 17, 2019, 8:33 AM
Saudi Aramco has enlisted the help of a former Donald Trump national security adviser and an ex-House of Representatives majority leader to pull off the world’s biggest IPO.
One-time Trump staffer Dina Powell, a partner at Goldman Sachs Group Inc., and Moelis & Co. Vice Chairman Eric Cantor are among scores of Wall Street veterans hired to sell shares in the kingdom’s state oil firm. The roster of bankers reads like a who’s who of finance, underscoring the importance of Saudi Arabia a year after the murder of government critic Jamal Khashoggi prompted a brief spell of skittishness...