U.S. investment banking giants Goldman Sachs and Citi are lined up to lead the initial public offering (IPO) of part of Saudi Aramco, according to reports. The Saudi state-owned oil producer plans to list this year in what is expected to be one of the largest share offerings ever, if Aramco’s target valuation of $2 trillion (£1.5 trillion) is achieved. The two banks will be joined on the mega-deal by JP Morgan, HSBC and Morgan Stanley in global coordinator roles, with the mandates potentially finalised at some point this week, according to Bloomberg . The appointment of advisors would mark an important step before the float, after Aramco officials were forced to reiterate their plans for a 2018 listing at the end of last year. A decision also remains to be made on the listing venue for the IPO, with London and New York thought to be among the […]