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On December 11, 2019, Saudi Aramco shares rose 10% (from 32 to 35.2 Saudi Riyals) in early deals in Riyadh. It surpassed its earlier valuation of $1.7 trillion as the new price gives the company a valuation of $1.88 trillion, the world's largest on record. According to Samba Capital (one of Aramco’s advisors), 10.5% of the offers came from foreign investors, while most were from Saudi funds and companies.

Aramco’s IPO Begins Trading, Shares Surge 10%

On December 11, 2019, Saudi Aramco shares rose 10% (from 32 to 35.2 Saudi Riyals) in early deals in Riyadh. It surpassed its earlier valuation of $1.7 trillion as the new price gives the company a valuation of $1.88 trillion, the world’s largest on record.

According to Samba Capital (one of Aramco’s advisors), 10.5% of the offers came from foreign investors, while most were from Saudi funds and companies.

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