Even Banks Have No Idea What Aramco Is Worth
In what could be just days ahead of the most-anticipated initial public offering ever, investment banks continue to give enormous ranges in their low and high estimates of how much Saudi Arabia’s oil giant Aramco is really worth. Morgan Stanley is the latest bank to have put a massive US$1 trillion gap between the low and high estimates of Saudi Aramco, Bloomberg reported on Wednesday, citing a presentation it has seen. Bankers at Morgan Stanley have calculated that in the most bearish case,... Читать дальше...