Aramco's indicative debut price seen at 35.2 riyals, 10% above IPO price

Saudi Arabian Oil Co (Aramco), whose shares make their stock market debut at 0730 GMT, priced its record IPO last week, raising $25.6 billion

Saudi Aramco
Reuters Dubai
1 min read Last Updated : Dec 11 2019 | 5:26 PM IST

Saudi Aramco shares were indicated at 35.2 riyal ($9.39) each in the pre-market auction on Wednesday, 10% above their IPO price of 32 riyals, Refintiv data shows.

Saudi Arabian Oil Co (Aramco), whose shares make their stock market debut at 0730 GMT, priced its record initial public offering (IPO) last week, raising $25.6 billion.

 

More From This Section

Topics :Saudi Aramco IPOAramco

First Published: Dec 11 2019 | 12:47 PM IST

Next Story