Saudi Aramco hits $2 trillion market cap on second day of trading

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The record figure was long ridiculed and regarded with disbelief by much of the financial community.

A Saudi broker monitors the stock market at the Arab National Bank in the Saudi capital Riyadh on December 11, 2019. - Saudi Aramco's shares soared on their debut on the domestic stock exchange Wednesday, becoming the world's biggest listed company worth $1.88 trillion after a record-breaking IPO.

Aramco had priced the initial public offering at 32 riyals per share, raising $25.6 billion and eclipsing Alibaba's $25 billion IPO of 2014 to become the world's largest.Shares of Saudi Aramco surged to 38.7 riyals apiece in their second day of public trading, pushing the kingdom's record IPO to a gargantuan $2 trillion valuation and hitting Crown Prince Mohammed bin Salman's long-held target for the company.

 

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It’s like getting away with murder, they say.

ارامكو_تتجاوز_2تريليون

Try a free market pal, list an ADR and see what happen manipulation topshort

I can doom any stock to bearishness just by buying a few shares. So, I use that knowledge.

And you wonder why we pay so much for gas

$10.32 (minus the $5 trade fee) was mine!

The victims of 9/11 and the Pensacola killings should sue this company, take them down a trillion in value.

Imagine a fossil fuel conglomerate thinking they’re worth 2 trill. Can’t relate

They can't even ring a bell right and people have valued them at 2 Trillion dollars...

COMMIE MAD MONEY CLOSET MUGGER

Why do I get the feeling this isn’t a winner?

NetizenBersamaDigeembok NetizenBersamaDigeembok

Making money like no one business

Maros_08 bintin_laye2 Here we are

Wow 2 large!!!

Bubbles everywhere

More funding for terrorism!

yoh tats a mountain of monies. sum r v v lucky

Hope Allah makes them broke

Ridiculous for many reasons, first because the free float is ridiculously low and second because u guys make it a breaking news... LOL

The Prince of Death and The Bubble Headed Bleach Blonde Dictator of The Year in The USA Donald J.Trump! A match made in Hell!

The largest market cap in the world

I hope Greta bankrupts them

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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 »