Saudi Aramco Ipo Price

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.

Saudi aramco ipo price. It received total bids of 119 billion. Saudi aramco prices world s biggest ipo 01 39 aramco priced its ipo at 32 riyals 8 53 per share the top of its indicative range the company said in a statement raising 25 6 billion and. 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. 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.

London vienna cnn business saudi arabia has just pulled off the biggest initial public offering in history raising 25 6 billion by selling shares in its giant state owned oil monopoly. 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. 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.

The state owned enterprise has raised a record us 25 6 billion on the tadawul exchange making it the largest new ipo in history. 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. Get the latest aramco saudi aramco stock price and detailed information including news historical charts and realtime prices.