Saudi Aramco debuts at 10% premium over issue price
NEW DELHI: Energy giant Saudi Aramco debuted on Riyadh-based stock exchange at a premium of 10 per cent, priced at 35.20 riyal. The stocks was issued at Rs 32 riyal.
Aramco raised $25.60 billion in the biggest-ever IPO by selling shares at 32 riyals. With this listing, it has become the most valued firm in the world at $1.88 trillion. Saudi bourse is now world’s ninth-biggest stock market.
