Aramco trades below IPO price for first time, after OPEC pact unravels

March 8, 2020 by  
Filed under News

Shares of Saudi state oil company Aramco slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December, after OPEC’s pact with Russia to restrict oil supplies fell apart on Friday.

Source: Reuters Business News

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