Aramco Fails To Bring Foreign Investors On Board

Market Movers • Aramco has failed in terms of trying to bring foreign investors on board. So for now, the $26-billion Aramco IPO is very localized. That also means that the payday wasn’t nearly as lucrative for bankers. It might be the world’s most profitable company, but for bankers the fees ended up being 0.35% of the $25.6 billion raised, split between 17 of them. That’s only $90 million total–a wash when you consider how banks were salivating over the prospects just a couple of years ago. • Poland is gearing up…