Saudi Aramco hits new low since trading began on Dec 11 – Economic Times

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Saudi Aramco shares: Saudi Aramco hits new low since trading began on Dec 11 – The Economic Times

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Saudi Aramco has lost almost 11 per cent since hitting a high of 38.70 riyals. The IPO was priced at 32 riyals per share, valuing Aramco at $1.7 trillion, making it the world’s most valuable company.

Reuters

What's working for Aramco
DUBAI: Saudi Aramco shares briefly hit 34.45 riyals ($9.18) in early trade, their lowest level since its shares began trading on December 11, following a record-setting initial public offering (IPO).

At 0706 GMT, Aramco shares were down 0.14 per cent at 34.50 riyals.

They have lost almost 11 per cent since hitting a high of 38.70 riyals.

The IPO was priced at 32 riyals per share, valuing Aramco at $1.7 trillion, making it the world’s most valuable company.

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