Sina American stock news Beijing time 11 news, Saudi Aramco national oil company Saudi Aramco (Saudi Aramco) shares began trading on the Saudi domestic exchange on Wednesday, shares in the pre-market price rose 10% to 35.2 rials, reaching the daily limit.
The Saudi Stock Exchange held an open auction between 09:30 and 10:30 local time, 30 minutes longer than usual. After that, continuous trading will begin, with the rise and fall of the stock limited to 10%.
Saudi Aramco issued shares at 32 riyals per share, raising $25.6 billion, making it the largest IPO in history, valuing the company at $1.7 trillion, surpassing Microsoft CorpAnd Apple IncTo become the listed company with the highest market capitalization