Price of Shares of Saudi Aramco on the First Day of Trading Amounted to 35.2 Rials
Thus, the growth in the price of Aramco shares reached the maximum allowable range of fluctuations established by the exchange for the first day of operations (+/- 10%). The company's securities are traded on the stock exchange with a ticker of 2222. The volume of trading at 11.00 Moscow time was 510 million rials or $ 136 million. The trading session will close at 15.00 Moscow time.
Saudi Aramco held the world's largest IPO (initial public offering), during which the re-subscription to shares was fourfold. In total, investors were offered 1.5% of the shares, the offering price amounted to 32 riyals per share, at the upper limit of the previously announced range. Thus, the entire company is valued at $ 1.7 trillion.