After Aramco’s Record IPO, Traders Now Ask How to Short Shares

Saudi exchange permits shorting shares, but market is illiquid
Government is large investor and willing to “protect prices”

Participants take part in the ceremony to mark the initial public offering of Saudi Aramco at the Fairmont Hotel in Riyadh, Saudi Arabia, on Dec. 11, 2019.Photographer: Matthew Martin/Bloomberg

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December 27, 2019 at 6:00 AM EST

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Shares of Saudi Aramco have shot up 10% since its record-setting $25.6 billion initial public offering earlier this month. That’s got bearish traders wondering whether they can short shares of the Gulf oil giant.

The answer: Not easily.

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