Aramco Shares Rise 10% After World’s Biggest IPO

Aramco shares rise 10% on the Saudi oil giant's market debut in the world's biggest-ever initial public offering

DUBAI—Aramco shares rose 10% in Riyadh early Wednesday, as Saudi Arabia began trading them after the world’s largest initial public offering.

The trading debut caps a four-year drive by Crown Prince Mohammed bin Salman to deliver the listing of state-backed Aramco. The public offering of the world’s most profitable company is part of a sweeping overhaul of the kingdom’s economy to invest in non-oil industries and create jobs for young Saudis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco shares surge to hit their daily 10% limit as historic IPO begins tradingSaudi Aramco, the world's largest initial public offering (IPO), surged past expectations as it debuted on the country's stock exchange on Wednesday morning.
Read more »

Saudi Aramco shares jump 10% on stock market debutSaudi Aramco shares opened up 10% on their Riyadh stock market debut on Wednesda...
Read more »

Saudi Aramco IPO: Only 1.5% of shares tradable, among lowest in world - Business InsiderMost large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Alphabet all have more than 84% of their shares listed publicly.
Read more »

Agilent shares rise after Bill Ackman stake revealedAgilent Technologies gain after-hours trading after hedge fund investor Bill Ackman revealed he has taken a stake in the company.
Read more »

Non-Saudi investors get 23% of Aramco IPO institutional trancheNon-Saudi investors in oil giant Saudi Aramco's initial public offering hav...
Read more »