Aramco shares traded in Tadawul today, setting volatility at 10%.
The Saudi Stock Exchange Company "Tadawul" said that the shares of Aramco were listed and started trading from today, Wednesday 11 December 2019, under the code 2222, provided that the daily fluctuation rate of the share ranges between ± 10%.
Also, on the first day of listing only, the opening auction session of Aramco will be extended for 30 minutes.
Samba Capital, in its capacity as the underwriting and financial advisor to the Saudi Aramco subscription process, said that the 30-minute extension of the opening auction for the inclusion of Aramco's shares in the Saudi stock market, by 30 minutes, would be more effective in determining the share price.
And that is through the extra time provided to the market shareholders, to place buy and sell orders, which in turn will be reflected and its impact on the opening price.
With everyone keen to harness all the capabilities and expertise to complete the practical stages of offering the stock in a record time period compared to the experiences of global markets.
Samba Capital, Al-Ahly Capital and HSBC Saudi Arabia, as financial advisors and key coordinators of the Saudi Aramco IPO, disclosed the results of the IPO’s final tranche, with participation requests amounting to $ 106 billion.
The total applications in the Saudi Aramco subscription amounted to 119 billion dollars, to become the largest in the world with a value of 25 billion dollars.
Aramco's final pricing came at $ 8.6, with total coverage of 466%. The order building process period expired on the fourth Wednesday in December.
It is noteworthy that the subscription of the individual segment in Saudi Aramco shares had ended today, Thursday.
4.9 million subscribers pumped more than $ 13 billion through the subscription in about 1.5 billion shares of the company, to cover their segment by 1.5 times.