Tweet Aramco Debuts the First Trading Day with a 10% Jump, Increasing Valuation to $1.88tn! The share price of the state-owned oil giant Saudi Aramco, the world’s biggest IPO at the price of 32 riyals ($8.53) per share, rose to 35.2 riyals ($9.38) or 10% in the early trading session on its debut at Saudi’s stock exchange. The increase of Aramco’s share prices had hiked its valuation from the initial $1.7 trillion to $1.88 trill in less than a day, but still below the expectation of $2 trillion by the Crown Prince Mohammed bin Salman. Aramco’s advisors said they may partly or fully exercise a 15% “greenshoe” option, allowing it to increase the size of the deal to a maximum of $29.4 billion. The post Aramco Debuts the First Trading Day with a 10% Jump, Increasing Valuation to $1.88tn! appeared first on ข่าวหุ้นธุรกิจออนไลน์. ที่มา: ข่าวหุ้นธุรกิจออนไลน์ วันที่ December 11, 2019, 15:51
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