Saudi Aramco shares open above IPO price in first day of trading

Saudi Aramco shares open above IPO price in first day of trading
  • Clock-gray 12:42
  • calendar-gray 11 December 2019

Saudi Aramco shares started the trading day at 10% above the IPO price on December 11, reaching 35.2 riyal or $9.39, in the first day of bidding, APA reports citing Sputnik.

Last week, the Saudi Arabian national petroleum and natural gas enterprise raised $25.6 billion after it launched an initial public offering that put Aramco's total value at an estimated $1.7 trillion,  

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