the stock Price of the Saudi oil company Saudi Aramco on the second day of trading after the IPO at a public auction (IPO) rose 10% to close yesterday's trading session — up to 38.7 Rial (approximately 10.3 per US dollar) per share, CNBC reports, citing data from the stock exchange Tadawul. Thus, today the capitalization of the world's largest oil companies exceeded 2 trillion US dollars.
This figure, which is nearly $ 1 trillion higher than the world's largest companies Microsoft and Apple have long been the ridicule and mistrust by the majority of the international financial community.
the first day of trading, December 11, the stock price Saudi Aramco also immediately soared to 10% from the announced — to 35.2 Rial, and since the exchange has set the limit of oscillation in this range, this price trading session and was closed.
In the IPO of Saudi Arabia sold to the investors 1.5% of the company's shares for 25.6 billion. While another 450 million shares, or 15% of the offer was allotted under the allotment option (to stabilize the stock price after the IPO).
Based on the offering price, Saudi Aramco was estimated at approximately 1.7 trillion U.S. dollars, becoming the most valuable company in the world and with a large margin ahead of American Apple, which market capitalization is about $ 1.2 trillion.
the energy Minister of Saudi Arabia Prince Abdulaziz bin Salman al Saud after the announcement of the IPO said that soon, Saudi Aramco will be on the market more than 2 trillion dollars.
