Saudi Aramco Worth Touches Valuation Same As India's Entire Stock Market - Viral Bake
74
74 points

Saudi Aramco stock surged on the second day after its record IPO on Tuesday. Saudi Aramco on Thursday topped the $2 trillion valuation sought by Saudi Crown Prince Mohammed bin Salman to fuel his Vision 2030 plans to try and diversify the Saudi economy away from oil.

Also Read: Here’s The List Of All The Long Weekends In 2020. Are Bus Bus, Thank You Ki Zarurt Nhi Hai!!

Notably, the combined market value of all BSE-listed companies is about $2.1 trillion. Aramco’s Initial Public Offering (IPO), which raised a record $25.6 billion, consisted of only 1.5% of the state oil giant’s stock. For the unknown, Aramco on Wednesday dethroned Apple as the world’s largest traded company.


Read more at Reuters



Like it? Share with your friends!

74
74 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win