抖阴短视频

RIYADH: Saudi Aramco shares opened at 35.2 riyals ($9.39) on Wednesday at the Kingdom鈥檚 stock exchange, 10 percent above their IPO price of 32 riyals, in their first day of trading following a record $26.5 billion initial public offering.
Aramco had earlier priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in its 2014 Wall Street debut.
Aramco鈥檚 earlier indicative debut price was seen at 35.2 riyals, 10 per cent above IPO price, raising the company鈥檚 valuation to $1.88 trillion, Refintiv data showed.
At that price, Aramco is world鈥檚 most valuable listed company. That鈥檚 more than the top five oil companies 鈥� Exxon Mobil, Total, Royal Dutch Shell, Chevron and BP 鈥� combined.
鈥淭oday Aramco will become the largest listed company in the world and (Tadawul) among the top ten global financial markets,鈥� Sarah Al-Suhaimi, chairwoman of the 抖阴短视频n stock exchange, said during a ceremony marking the oil giant鈥檚 first day of trading.
鈥淎ramco today is the largest integrated oil and gas company in the world. Before 抖阴短视频 was the only shareholder of the company, now there are 5 million shareholders including citizens, residents and investors,鈥� said Yasir Al-Rumayyan, the managing director and chief executive of the Saudi Public Investment Fund.
鈥淎ramco鈥檚 IPO will enhance the company鈥檚 governance and strengthen its standards.鈥�
Amin Nasser, the president and CEO of Saudi Aramco, meanwhile thanked the new shareholders for their confidence and trust of the oil company.
The sale of 1.5 percent of the firm, or three billion shares, is the bedrock of Crown Prince Mohammed bin Salman鈥檚 ambitious strategy to overhaul the oil-reliant economy.
Riyadh鈥檚 Tadawul stock exchange earlier said it will hold an opening auction for Aramco shares for an hour from 9:30 a.m. followed by continuous trading, with price changes limited to plus or minus 10 percent.

The company said Friday it could exercise a 鈥済reenshoe鈥� option, selling additional shares to bring the total raised up to $29.4 billion.
The market launch puts the oil behemoth鈥檚 value at $1.7 trillion, far ahead of other firms in the trillion-dollar club, including Apple and Microsoft.
Two-thirds of the shares were offered to institutional investors. Saudi government bodies accounted for 13.2 percent of the institutional tranche, investing around $2.3 billion, according to lead IPO manager Samba Capital.
The IPO is a crucial part of Prince Mohammed鈥檚 plan to wean the economy away from oil by pumping funds into megaprojects and non-energy industries such as tourism and entertainment.
Watch the video marking Aramco鈥檚 opening trading: