Saudi Aramco faces tough test less than a month after $25.6b IPO

FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo

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.

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