Banks lobby Aramco for incentive fee after slim IPO pickings - sources
Share:
DUBAI/LONDON (Reuters) - Global banks who worked on Saudi Aramco's record initial public offering are pushing for an additional "incentive fee", three sources familiar with the matter said, as they try to boost relatively low earnings from the deal. Aramco said on Sunday it had exercised a "greenshoe option" to sell an additional 450 million shares, raising the size of its IPO to $29.4 billion - comfortably the world's biggest listing to date.But the energy giant's earlier decision not to..