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Saudi Aramco Stock Soars 10 Percent As Markets Open

OilPrice.com Wednesday, 11 December 2019
Saudi Aramco started trading with a bang on the Saudi stock market on Wednesday, surging by the maximum allowed 10 percent and giving the Saudi oil giant a valuation of US$1.88 trillion on its first day as a publicly-listed company. Saudi Aramco’s shares jumped to US$9.39 (35.20 Saudi riyals) on their market debut on Wednesday, 10 percent higher than the final offer price of US$8.53 (32 riyals) in the initial public offering (IPO), which valued the company at US$1.7 trillion. The 10-percent fluctuation is the maximum permitted up or down…
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Video Credit: Al Jazeera STUDIO - Published
News video: Saudi Aramco shares surge 10 percent on stock market debut

Saudi Aramco shares surge 10 percent on stock market debut 04:34

Shares in Saudi oil giant hit daily limit in share price increases, reaching $1.88 trillion market value.

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