{"id":305326,"date":"2019-12-12T11:44:40","date_gmt":"2019-12-12T06:14:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305326"},"modified":"2019-12-12T11:53:32","modified_gmt":"2019-12-12T06:23:32","slug":"saudi-aramco-shares-jump-10-per-cent-on-stock-market-debut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-shares-jump-10-per-cent-on-stock-market-debut\/","title":{"rendered":"Saudi Aramco shares jump 10 per cent on stock market debut"},"content":{"rendered":"<p>Saudi Aramco shares surged the maximum permitted 10 per cent above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman. <\/p>\n<p>The shares leapt to 35.2 riyal ($9.39) each, up from the IPO price of 32 riyals and at the daily limit of price moves allowed by the Tadawul exchange. <\/p>\n<p>That gives the state-owned oil giant a market value of about $1.88 trillion, comfortably making it the world&#8217;s most valuable listed company, although it will have one of the smallest \u201cfree floats\u201d of publicly tradeable shares, at just 1.5 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco shares surged the maximum permitted 10 per cent above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman. The shares leapt to 35.2 riyal ($9.39) each, up from the IPO price of 32 riyals and at the daily limit of price moves allowed by the Tadawul exchange. That gives the state-owned oil giant a market value of about $1.88 trillion, comfortably making it the world&#8217;s most valuable listed company, although it will have one of the smallest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-305326","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=305326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}