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Saudi Aramco has hit a new low since the start of trading on December 11

6 Jan 2020 10:48 AM

Saudi Aramco shares reached 34.45 riyals (about $ 9.18) in early trading, the lowest level since its shares began trading on December 11, after a record IPO.

At 07:06 GMT, Aramco shares fell 0.14% to 34.50 riyals. It has lost almost 11% since the price reached 38.70 riyals.

The IPO price was 32 riyals per share, which valued Aramco at about $ 1.7 trillion, making it the most valuable company in the world.