Bankers Decamp to Saudi Arabia as Aramco IPO Work Heats Up (1)

Saudi Aramco is plowing ahead with preparations for its initial public offering, with a string of banker meetings scheduled this week after it added more than a dozen junior underwriters to the deal, people with knowledge of the matter said.

IPO underwriters will hold two days of analyst presentations with their banks’ research teams starting Wednesday, Sept. 25, near Aramco’s headquarters in Saudi Arabia’s Eastern Province, according to the people. The senior banks on the IPO are meeting now to prepare, one of the people said, asking not to be identified because the information is private.

Executives from the newly-appointed ...