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How HSBC landed the top role on the Saudi Aramco IPO

Concerted push by the UK-based lender made it one of only three banks to win oversight of investor orders on the record listing

How HSBC landed the top role on the Saudi Aramco IPO
Photo: Getty Images

A year ago, HSBC was still reeling after a group of rebels in its investment bank slammed top management for a series of perceived failings, including potentially missing out on a prime position on the world’s largest initial public offering.

But the doubters were wrong. Last week, HSBC became the only global bank with a lead role on the massive, and long-awaited, Saudi Aramco listing.

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