Saudi Aramco: Goldman Yet to Implement any Price Stability Transactions
Saudi Aramco said Tuesday that Goldman Sachs may stabilize its shares after a record initial public offering earlier this month.
Stabilization agents support the share price by purchasing additional shares on the market.
The stabilization period will end on Jan. 9, but so far no transactions have been executed, it said in a statement.
Saudi Goldman Sachs had announced the possibility of managing the process of price stability for securities, in accordance with the instructions of regulating the price stability mechanism for initial offers.