Saudi Aramco said that Goldman Sachs may stabilize its shares after a ...
An investor monitors a screen displaying stock information at the Saudi Stock Exchange following the debut of Saudi Aramco's initial public offering on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. REUTERS/Ahmed Yosri NO RESALES. NO ARCHIVES.
DUBAI - Saudi Aramco said that Goldman Sachs may stabilize its shares after a record initial public offering earlier this month.The stabilization period will end on Jan. 9, but so far no transactions have been executed, it said in a statement. Aramco shares ended nearly 0.6% lower at 35.40 riyals , above its IPO price of 32 riyals per share, valuing the oil giant at about $1.9 trillion.Reporting by Saeed Azhar, editing by Louise Heavens
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