IPO

Saudi Aramco appoints JP Morgan, HSBC, Morgan Stanley as advisers for IPO

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Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The trio join Moelis & Co and Evercore, which have been appointed independent financial advisers, one source said of what is… Read more »

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed
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U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration
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India: Mas Financial Services files draft papers for $84.5m IPO

Ahmedabad-based retail lender Mas Financial Services Ltd on Monday filed draft papers to raise Rs550 crore in an initial public offering (IPO). The firm will sell new shares of Rs307 crore while existing investors will sell shares worth Rs242 crore in the initial public offer (IPO), the company’s draft red… Read more »

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