Fri. Sep 25th, 2020

Saudi Aramco becomes world’s biggest listed company as shares surge 10% – business live

Rolling coverage of the latest economy and financial news, as Aramco shares begin trading on the Tadawul

7.57am GMT

Here’s Associated Press’s take:

Saudi Arabia’s oil company Aramco is listed and started trading on the Saudi Tadawul stock exchange on Wednesday for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history.

The state-owned company had announced a sale of 1.5% of its shares at 32 Saudi riyals a share, or what is $8.53.

BREAKING: Saudi Arabia’s oil company Aramco is now listed and has started trading on the Saudi Tadawul stock exchange for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history. https://t.co/lmRFzz7wkq

7.56am GMT

The world’s most valuable public company now trades not in New York, but Riyadh, and it’s valued at $1.88 trillion. Whatever your views on the IPO, that’s pretty extraordinary. #AramcoIPO

Continue reading…Rolling coverage of the latest economy and financial news, as Aramco shares begin trading on the TadawulNewsflash: Stock surges 10% as trading beginsIntroduction: Saudi Aramco shares are floating todayIPO valued Aramco as world’s biggest listed companyStock was sold at 32 riyals each 7.57am GMTHere’s Associated Press’s take: Saudi Arabia’s oil company Aramco is listed and started trading on the Saudi Tadawul stock exchange on Wednesday for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history. The state-owned company had announced a sale of 1.5% of its shares at 32 Saudi riyals a share, or what is $8.53.BREAKING: Saudi Arabia’s oil company Aramco is now listed and has started trading on the Saudi Tadawul stock exchange for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history. https://t.co/lmRFzz7wkq 7.56am GMTThe world’s most valuable public company now trades not in New York, but Riyadh, and it’s valued at $1.88 trillion. Whatever your views on the IPO, that’s pretty extraordinary. #AramcoIPO Continue reading…