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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Saudi Aramco surges 10% in dramatic debut, pushing value to more than $1.8 trillionSaudi Arabian oil giant Aramco begins trading on the Saudi Tadawul stock exchange, pushing its worth to $1.88 trillion, higher than any other firm.
Weiterlesen »
Boost for Saudi Arabia as Aramco shares surge 10% on debutSaudi Aramco's indicative debut price seen at 35.2 riyals, 10% above IPO price
Weiterlesen »
Non-Saudi investors get 23% of Aramco IPO institutional trancheNon-Saudi investors in oil giant Saudi Aramco's initial public offering hav...
Weiterlesen »
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.
Weiterlesen »
Saudi Aramco shares surge to hit their daily 10% limit as historic IPO begins tradingSaudi Aramco, the world's largest initial public offering (IPO), surged past expectations as it debuted on the country's stock exchange on Wednesday morning.
Weiterlesen »