Saudi Aramco becomes publicly listed The world's largest listed company is born

Saudi Aramco becomes publicly listed The world's largest listed company is born December 11, 19:16

Saudi Aramco, the state-run oil company of Saudi Arabia, opened its new shares on the domestic stock exchange on the 11th, and its market capitalization exceeded 200 trillion yen in Japanese yen, making it the world's largest listed company, surpassing Apple.

Saudi Aramco, a state-run oil company in Saudi Arabia, was listed on the stock exchange in the capital Riyadh on the 11th.

Saudi Aramco executives gathered at the hotel in the city to celebrate the listing by ringing the bell.

The stock price immediately after listing, the so-called initial price, was 35.2 Saudi Riyals, 10% higher than the selling price, reflecting strong demand.

The market capitalization calculated based on this exceeded 200 trillion yen in Japanese yen, and the world's largest listed company was born, surpassing Apple's current market capitalization of 120 trillion yen.

The funds raised by Saudi Arabia through this listing will be at least approximately $ 25.6 billion (over 2,780 billion yen in Japanese yen), rewriting the record when the Chinese Alibaba Group listed on the New York Stock Exchange in 2014 , Became the largest ever.

Saudi Aramco's initial policy is to aim for listing on overseas stock exchanges, including Japan, which was the initial target. In September, however, Saudi Aramco's oil-related facilities were attacked by a drone attack. The unstable factors are a concern.

Saudi Arabia has decided to invest the huge amount of funds raised on the listing in economic reforms aimed at de-oiling, and it is likely to be interested in the future of reforms.