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Saudi Aramco shares jump 10% on stock market debut

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Saudi Aramco shares opened up 10% on their Riyadh stock market debut on Wednesda...

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov

The shares opened at 35.2 riyal apiece, 10% above their initial public offering price of 32 riyals.

 

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Saudi Aramco IPO: Only 1.5% of shares tradable, among lowest in world - Business InsiderMost large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Alphabet all have more than 84% of their shares listed publicly.
Source: BusinessInsider - 🏆 729. / 51 Read more »