Originally posted to the Reuters website, 06 January 2020
DUBAI (Reuters) – Saudi Aramco (2222.SE) shares briefly hit 34.45 riyals ($9.18) in early trade, their lowest level since its shares began trading on December 11, following a record-setting initial public offering (IPO).
At 0706 GMT, Aramco shares were down 0.14% at 34.50 riyals.
They have lost almost 11% since hitting a high of 38.70 riyals.
The IPO was priced at 32 riyals per share, valuing Aramco at $1.7 trillion, making it the world’s most valuable company.
Link to the original post: https://www.reuters.com/article/us-saudi-aramco-shares/saudi-aramco-hits-new-low-since-trading-began-on-december-11-idUSKBN1Z50LO
