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Saudi Aramco Faces Tough Test Less Than a Month After IPO
- Company’s shares fall after U.S. killing of Iran’s Soleimani
- The oil company’s stock started trading in Riyadh last month
The Saudi Aramco IPO listing event in Riyadh, Saudi Ara
Source: Saudi Aramco
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Saudi Aramco’s status as an oil-producing behemoth located in one of the world’s most turbulent regions always marked it as likely to suffer bouts of volatility.
But few could have expected the stock to face so stern a test less than a month after the company’s historic $25.6 billion initial offering.