THE Apple today had another historic day at NASDAQ.
Its shares closed the day up 1.93%, quoted at $ 270.71 – new record value for the company, as well as the peak reached during the trading session, of US $ 271.
As a result, the company’s market value went to $ 1.233 trillion.
THE Microsoft, which is right behind, rose 1.21% today and is now worth US $ 1.158 trillion.
But soon, Apple will lose the title of most valuable company in the world. And no, it won’t be for Microsoft.
Saudi oil company IPO
As reported today by Reuters, the oil giant Saudi Aramco, from Saudi Arabia, is finalizing the process of the largest IPO in history.
Within a few days, according to estimates, the company will enter the Saudi stock exchange worth around $ 1.7 trillion – and she had hopes of surpassing the $ 2 trillion mark. No wonder: the giant profits from its operation.
Interestingly, for a long time (back in 2011-13), Apple fought with the American oil company Exxon Mobil for the title of most valuable company in the world. As of today, it is worth “just” $ 294 billion.
Saudi Aramco will debut on the Saudi stock exchange on December 11, with its papers worth $ 8.53 each.
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