Saudi Aramco Ipo Price

Shares of saudi state oil giant aramco traded below their original ipo price for the first time sunday at 30 90 riyals 8 24 at 12 30 p m.

Saudi aramco ipo price. In riyadh compared with the listing price of 32 riyals. Saudi aramco began trading at 32 riyals or 8 53 and stands at 36 70 riyals 9 78 as of this writing. Though the stock experienced a 0 7 dip tuesday morning its first decline since the ipo. Aramco 1 stake sale may equal a decade of saudi ipo proceeds aramco s giant profit dwarfs earnings of 163 saudi stocks aramco tells ipo bankers it made 68 billion in 9 months.

The state owned enterprise has raised a record us 25 6 billion on the tadawul exchange making it the largest new ipo in history. The company officially confirmed a market valuation of us 1 7 trillion on 05 november offering a 1 5 stake in the listing as initially planned. The ipo could be the world s largest and if it achieves a valuation of 1 5 trillion saudi aramco would far exceed the market capitalization of market giants like apple and microsoft. Get the latest aramco saudi aramco stock price and detailed information including news historical charts and realtime prices.

The state owned oil giant set the final price of its shares at 32 riyals 8 53 valuing the world s most profitable company at 1 7 trillion. Despite the 50 percent plunge in aramco s net profit for the first half of this year a result of the saudi led oil price war at a time when demand was already choked off by the covid 19 outbreak the company is still obliged to hand over us 18 75 billion in this quarter alone to those who bought the aramco shares during the ipo. Oil and gas corporation saudi aramco has taken the honour of being the world s biggest initial public offering ipo.