Saudi Aramco’s share price rose 10% on Wednesday valuing the state oil giant at around $1.88 trillion after it debuted on the local Tadawul stock exchange, almost four years after revealing plans for an initial public offering (IPO). If the share price momentum continues in the second trading session, Aramco could potentially hit a valuation of $2 trillion by Thursday - the value originally targeted by Saudi Crown Prince Mohammed bin Salman in early 2016. Aramco raised $29.4 billion in last week’s IPO, establishing it as the world’s most valuable publicly traded company with a market capitalization of $1.7 trillion.
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