From Silicon Valley to Saudi Arabia, it’s been a tough year for IPO bankers

From Silicon Valley to Saudi Arabia, it’s been a tough year for IPO bankers

Wall Street, New York, United States. Photo: Robert Bye/Unsplash

Wall Street kicked off the year excited about money it would make bringing to market some of the world’s most iconic companies. A crop of startup unicorns from Uber Technologies Inc. to WeWork were preparing to sell shares. Then the world’s most profitable company, Saudi Aramco, started gearing up for its own initial public offering.