Saudi Aramco finally went public with the world’s largest-ever IPO on Wednesday morning, with shares surging more than 15% in two days of trading and giving the state oil giant a valuation of $2 trillion.in its long-awaited debut on Wednesday morning: Saudi Aramco listed 1.5% of its shares on the local stock exchange and priced its IPO at $8.53 per share, raising a total of $25.6 billion.
With the stock jumping 10%—to a price of $9.38 per share—after the historic IPO began trading, that gave Aramco a market value of almost $1.9 trillion on its first day,The stock continued to surge on its second day after going public, rising to as much as $10.32 per share and allowing Saudi Aramco toat $9.81 per share, with a market value of just below $2 trillion—but if this kind of interest in the stock continues, the company could easily go beyond the $2 trillion mark for good.
Aramco mainly relied on domestic and regional investors after less-than-hoped-for interest from abroad, as many big foreign investors were“We are happy on the results today.
skleb1234 Unbelievable!!!!
skleb1234 yeah, lets pretend the saudi royal family are not manipulating the stock...
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Source: CNBC - 🏆 12. / 72 Read more »