Saudi Aramco starts trading after record $25.6 billion IPO

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BREAKING: Saudi Arabia's oil company Aramco is now listed and has started trading on the Saudi Tadawul stock exchange for the first time after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history.

FILE - This Sept. 15, 2019 file photo, shows storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, 2019, set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.

The state-owned company had announced a sale of 1.5% of its shares at 32 Saudi riyals a share, or what is $8.53.

 

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good. they’ll need the money for when americans sue the shit out of them

So now that the Saudis can FINALLY afford to train their own military pilots, let's just stop doing that for them ok?

interesting to see list of investors...hmm

Just wondering if anyone invests on the Saudi stock exchange?

All I know is gas prices shot up 60 cents here yesterday. WTF

How much of Saudi's stock did Trump get? Was free of charge? You know Donnie and Saudi's king are best buddies.

Welcome to the free market gentlemen. Let the games begin.

All random all middle

Ohhhh k that’s the Middle East work Kushner is doing! It’ll all come out in the wash now! Why trump dug up land marks etc, for oil ! Greedy bastards

Pretty fing convenient

A checked crow funding to save a young boy. It's an emergency

“Biggest ever in history” is something the Department of Redundancy Department would say.

Showing that Capitalism has nothing to do with freedom.

Come get your bonesaw blood money

The saudis better start planning for oil devaulations and figure out what kind of products will replace thier single product economy. It's like they don't comprehend the world is moving away from legacy tech to new green tech.

We shouldn’t let them trade their oil company, state owned, on our stock exchange. Trading it at home on their own exchange is exactly where it should stay.

Aramco 💚💪

WednesdayThoughts

Seems fishy at best

Hey let's invest in state sponsored terrorism and carbon production, it's gonna be yuge.

No way in hell would I touch this.

They days are counted and now they are looking for people to share their losses.

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