Aramco received proceeds of 25.6 billion dollars from the IPO, although only 1.5 percent of the shares are traded. Until recently, the titles “Biggest IPO” and “Biggest IPO of the Year” were defended by the Chinese e-commerce group Alibaba. Because of the IPO of the oil company Aramco, both titles had to be passed on to the Arabian Peninsula. After a considerable jump in the share price, Aramco is worth a total of 1.88 trillion dollars and thus higher than Apple, Google, Amazon and Microsoft.<\/p>\n
It was a tough neck-and-neck race between the technology companies – who has the most valuable company in the world? Apple took the lead until Wednesday with a value of 1.2 trillion dollars. Closely followed by Microsoft with a market capitalization of 1.16 trillion dollars.<\/p>\n
Before the oil company Aramco dared to enter the stock market, every step was planned for four years. The original goal was a market value of two trillion dollars. However, market experts speculate that the value will decline as long as there is a lack of interest from international investors. Despite this, Aramco made a first-rate first-time stock market entry. The share on the Riader stock exchange rose by ten percent within the first few hours.<\/p>\n
The analyst Marie Salem of Daman Securities has given the Aramco share a positive assessment. She also stresses that the targeted two trillion dollars are close. However, she also suspects that many investors may be reluctant to buy the share due to the low dividend of 3.9 percent. Compared to other oil companies like Bloomberg or Shell, Aramco is less generous.<\/p>\n