Saudi Aramco is reportedly shelling out a whopping $450 million on adviser fees for its upcoming IPO

7:16am PDT - October 15th, 2019    alibaba - Business Insider

Arabian oil giant, Saudi Aramco is reportedly shelling out hundreds of millions to advisors for its upcoming IPO. Bloomberg, citing sources familiar with the situation, said that Aramco was paying up to between $350 million to $450 million in fees to advisors…