Saudi Aramco trades below IPO price for first time - Reuters
Shares of Saudi Aramco 2222.SE fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.
Aramco shares were trading at 31.50 riyals ($8.40) at 0705 GMT, down 4.85%, compared to the IPO price of 32 riyals. The Saudi market .TASI plunged 6% in early trade.
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