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Saudi Aramco IPO Hits $2 Trillion Mark Amid Guarded Forecast

December 18, 2019

Via: Forbes

Saudi Aramco (SR:2222) has emerged as the most valuable publicly traded company in history. Since opening on the Saudi stock exchange December 11, the valuation of the national oil giant jumped to $2 trillion ($2.03 trillion to be exact) – thanks to a surge on the first day of trading with a 10% increase in share price. Saudi Aramco began trading at 32 riyals (or $8.53) and stands at 36.70 riyals ($9.78) as of this writing. Though the stock experienced a 0.7% dip Tuesday morning – its first decline since the IPO launch – shares are still an impressive 18% above the open price.

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