What was Saudi Aramco’s initial public offering price per share in 2019?

Saudi Aramco’s initial public offering price was 32 Saudi riyals per share in 2019.

Saudi Aramco priced its landmark initial public offering at 32 riyals per share in December 2019. The offering sold shares representing approximately 1.5 percent of the company and raised about $25.6 billion at the initial pricing.

The listing valued Saudi Aramco at roughly $1.7 trillion, making it one of the largest public-company valuations ever recorded. An over-allotment option, commonly called a greenshoe, later increased the total proceeds to about $29.4 billion.

Saudi Aramco is Saudi Arabia’s state-controlled oil company and one of the world’s largest petroleum producers. Its listing took place on the Saudi Exchange, known as Tadawul. The IPO price is different from the company’s later trading price, which changed as investors bought and sold the shares.