Saudi Aramco hires Moelis for historic $2 trillion flotation

Oil titan Saudi Aramco has reportedly hired investment bank Moelis to work on its stock market flotation, which is set to be the biggest listing in history. The appointment, which was reported by the Financial Times, is a major coup for New York-based boutique Moelis, which was founded just a decade ago. It had to fight off stiff competition as dealmakers from around the world were all drawn to the prospect of working on the historic deal.