Saudi Aramco shares to begin trading after world's biggest IPO

Saudi Aramco's shares begin trading on the domestic stock market Tadawul on Wednesday, after the energy behemoth completed the world's biggest initial public offering. Saudi-owned broadcaster Al-Arabiya said the price of Aramco shares had risen by the maximum 10 percent in pre-trading orders, further raising the firm's valuation. Aramco has priced the IPO at 32 riyals ($8.53) per share, raising $25.6 billion by selling three billion shares and eclipsing Alibaba's $25 billion IPO of 2014 to become the world's largest.
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