Aramco shares surge 10% above the IPO in world's biggest ever market debut
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Saudi Arabia’s Aramco is going to hold an opening auction for Aramco shares that will last from 9:30 a.m. to 10:30 a.m. Aramco's shares surged sharply as the world's biggest share listing got underway in Riyadh, rising 10% above the initial public offering price. The oil giant will instantly vault Saudi Arabia’s stock market into the ranks of the world’s largest. Aramco raised $25.6 billion last week.