How Will Saudi Aramco Float Affect Investors?

Saudi Arabian state-owned oil firm is now the biggest company in the world after its float, but emerging market indices and ETFs will not see dramatic changes 

Tom Lauricella 12 December, 2019 | 10:06AM

Saudi Aramco float

The initial public offering for Saudi Aramco, Saudi Arabia’s state-owned oil company, has shattered the global record for an IPO and the company has overtaken Apple as the world’s most valuable company.

The float, which was only available to domestic investors, raised more than $25 billion, valuing the company at $1.7 trillion. On the first day of trading of the Riyadh stock exchange on December, the shares surged 10%, pushing Saudi Aramco’s value briefly above $2 trillion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Frontiers Ord90.50 GBX0.78
Invesco MSCI Saudi Arabia ETF17.59 USD1.51

About Author

Tom Lauricella  is Editor of Morningstar Direct

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