HSBC wins mandate for Saudi Aramco's $100b IPO

HSBC wins mandate for Saudi Aramco's $100b IPO

HSBC Chief Executive Stuart Gulliver, attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben Sprich

HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia’s national oil giant Aramco IPO, expected to be the world’s largest ever IPO, HSBC‘s chief executive said on Monday.

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