Saudi Aramco ( 2222.SE ) shares briefly hit 34.45 riyals ($9.18) in early trade, their lowest level since its shares began trading on December 11, following a record-setting initial public offering (IPO). At 0706 GMT, Aramco shares were down 0.14% at 34.50 riyals. They have lost almost 11% since hitting a high of 38.70 riyals. The IPO was priced at 32 riyals per share, valuing Aramco at $1.7 trillion, making it the world’s most valuable company.