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Aramco set aside 450 million shares for investors as it gauged early demand, and Goldman Sachs released proceeds from the allotment over the weekend.
Saudi Aramco has seen $200 billion of market value erased since its record-shattering IPO as Mideast tensions drag it lower
Some analysts believe Iran could retaliate by targeting oil infrastructure, placing Aramco at increased risk of a crippling strike.
Oil is on pace for its best year since 2016 as global tensions and dwindling US inventories lift prices
American crude inventories fell to their lowest level in two months in the week ended December 20, propping up prices by cutting supply.
Many Saudi investors aren't familiar with short trades, as selling a borrowed asset is perceived as going against the Koran, an Islamic Finance professor said.
Saudi Aramco falls for the first time since its record-breaking IPO, putting a halt to its 4-day run
The drop comes one day before Aramco's inclusion in the MSCI Emerging Markets Index. The company's addition is set to drive demand from passive funds.
Saudi Aramco raised $26 billion in its record-shattering IPO — but banks will get paid an abnormally small 0.25% of that
Banks that worked on the IPO are slated to be paid a combined $64 million, Bloomberg reported Thursday.
Saudi Arabia’s oil company is now worth a record-breaking $2 trillion. Meet Mohammed bin Salman, the 34-year-old crown prince who’s at the...
Saudi Aramco, the state-owned oil company, is now worth $2 trillion, making it the most valuable public company in the world.
‘Too much, too soon’: A Wall Street firm is urging investors to dump Saudi Aramco’s stock as the company’s valuation spikes ab...
"For investors who have benefited so far, we would take profit here," Bernstein analysts wrote in a note Thursday.
Crown Prince Mohammad bin Salman had been seeking a $2 trillion valuation to fuel plans to diversify the Saudi economy. Aramco's stock rallied 8.2% after a 10% surge on its first day of trading Wednesday.
Saudi Aramco isn’t the best-performing stock debut of the day. Brazilian finance firm XP skyrocketed 24% in its multibillion-dollar IPO.
XP's debut follows a slew of IPO flops in 2019, with Uber, Peloton, and Lyft's IPOs all erasing hundreds of millions of dollars in investor wealth.