OREANDA-NEWS. The price of shares of Saudi Aramco on the second day of trading jumped immediately by 10% to close yesterday's trading session - up to 38.7 rial ($ 10.3) per paper, follows from the trading data. Thus, the value of the company amounted to $ 2.06 trillion - this amount is estimated by the Saudi authorities.

The day before, on the first day of trading, the price also soared immediately by 10% of the announced - up to 35.2 rials, and since the exchange set a fluctuation limit in this range, the trading session closed at that price. As of 10:15 Moscow time today, the growth of Aramco shares has slowed down and amounted to 6.25% to close - up to 37.4 riyals apiece.

Saudi Aramco held the world's largest IPO (initial public offering), during which the re-subscription to shares was fourfold. In total, investors were offered 1.5% of the shares, the offering price amounted to 32 riyals per share, at the upper limit of the previously announced range. Thus, the entire company is valued at $ 1.7 trillion.