Saudi Aramco IPO: 25 banks hired as bookrunners face pared pay of $90 mn

Topics Aramco | Saudi Aramco | IPO

The army of banks working on Saudi Aramco's listing will earn combined fees of $90 million or less, according to three sources involved in the process, after the oil giant scaled back a deal initially viewed as a golden opportunity for high finance. The fee pool for the flotation of the world's most profitable company contrasts with other blockbuster listings in recent years.

China's Alibaba, for example, paid out an estimated $300 million for its 2014 listing in New York. The 25 banks hired by Aramco as bookrunners for.

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