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- Dec 11, 201990% CONFIDENCEfrom the source
Aramco Lists at US$1.88 Trillion After the Largest IPO Ever
- Aramco priced 3 billion shares at 32 riyals (US$8.53) on 4 December 2019, raising US$25.6 billion, which CNN called the biggest IPO in history and more than China's Alibaba raised in 2014[6]
- Alibaba's September 2014 New York listing, the previous record, raised US$25 billion[3]
- Shares opened on the Tadawul on Wednesday 11 December 2019 and leapt the maximum permitted 10% to 35.2 riyals (about US$9.39), valuing the company at roughly US$1.88 trillion[1][2]
- That made Aramco the most valuable listed company ever: The Guardian put it above Apple and Facebook combined and twice Amazon or Alphabet, and more than 5 million investors had bought in[5]
- Executives were showered with gold ticker tape at the opening ceremony, and Energy Minister Prince Abdulaziz bin Salman called it a day of vindication; the stock passed US$2 trillion on its second day[1][2][5]
- The IPO record has since been beaten: SpaceX's Nasdaq listing on 12 June 2026 is described by Wikipedia as the largest IPO in history, while Aramco traded near 25.8 riyals (US$1.66 trillion) by November 2025[2][4]
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References 684% CONFIDENCEOverall confidence: 84%How well the pin's source and references back up its dates.Weighted average of how firmly 6 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%web.archive.org/web/20191211123752/https://www.reuters.com/article/us-saudi-aramco-ipo-markets/vindication-saudi-arabia-hails-10-debut-jump-in-aramco-shares-idUSKBN1YF0LCweb.archive.org· Posted Oct 5, 2026· Starts Dec 11, 2019 ✓· 25% of score
Reuters (11 Dec 2019) reports Aramco shares surged 10% on their Riyadh debut on Wednesday, valuing it at about US$1.88 trillion; The Guardian[5] (11 Dec 2019) and Wikipedia[2][3][4] agree on 11 December. The offering itself was priced on 4 December (CNN[6]); the pin is dated to the listing day.
- [2]85%Saudi Aramco - Wikipediaen.wikipedia.org· Added Oct 5, 2026· 25% of score
Listing 11 December 2019, 35.2 riyals, US$1.88 trillion, US$2 trillion on day two; November 2025 value.[1]
- [3]80%Alibaba Group - Wikipediaen.wikipedia.org· Added Oct 5, 2026· 25% of score
Alibaba's 2014 NYSE IPO raised US$25 billion and was then the largest.[1]
- [4]80%Initial public offering of SpaceX - Wikipediaen.wikipedia.org· Added Oct 5, 2026· 25% of score
SpaceX listed on Nasdaq 12 June 2026, described as the largest IPO by proceeds on record.[1]
- [5]90%Saudi Aramco becomes most valuable listed company in history - The Guardiantheguardian.com· Published Dec 11, 2019· 0% of score
Debut day value near US$1.9 trillion, comparison with Apple, Amazon, Alphabet; ticker tape ceremony.[1]
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