Saudi Aramco has a market capitalization of over $ 2 trillion.
The stock of Saudi Aramco, a state-owned oil company in Saudi Arabia that was listed on the 11th, rose on the second day of the transaction, and its market capitalization temporarily exceeded the $ 2 trillion target of Prince Muhammad. This reflects the strong domestic demand, but overseas investors have questioned the corporate value, which is significantly higher than Apple.
Saudi Arabia's state-owned oil company, Saudi Aramco, listed on the stock exchange on the 11th in the capital Riyadh on the 11th, and the stock price immediately after listing was 10% higher than the selling price, reflecting the strong domestic demand. It was Saudi Riyal.
The price continued to rise on the 12th, and the stock price rose to 38.70 Saudi Riyal, which is nearly 10% higher than the closing price on the previous day.
As a result, the market capitalization exceeded $ 2 trillion at a time and exceeded ¥ 220 trillion in the Japanese yen, reaching the goal that Prince Muhammad, who led the plan, was aiming for.
At the closing price on the second day of the transaction, the market capitalization has not reached just $ 2 trillion, but it is more than eight times the corporate value of Toyota Japan.
Regarding the background of this price increase, Western media have reported suspicions that domestic asset owners were pressured to buy stocks at a high price after listing.
Market officials also pointed out, “A government-led market price that leads to high prices,” and overseas investors value corporate value in excess of $ 2 trillion, significantly surpassing Apple's market capitalization, which has been top in the past. There is also a voice that calls doubts.