{"id":476,"date":"2020-01-24T09:48:10","date_gmt":"2020-01-24T09:48:10","guid":{"rendered":"http:\/\/generic.wordpress.soton.ac.uk\/history\/?p=476"},"modified":"2024-08-31T17:05:52","modified_gmt":"2024-08-31T16:05:52","slug":"history-at-the-stock-market","status":"publish","type":"post","link":"https:\/\/generic.wordpress.soton.ac.uk\/history\/2020\/01\/24\/history-at-the-stock-market\/","title":{"rendered":"History at the Stock Market"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">History at the Stock Market<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">by Dr Jon Conlin<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Back on 15 November a group of students studying the history of Middle East oil visited the university\u2019s Bloomberg Suite, normally the haunt of economics students. Their task: to price the IPO of the decade, Saudi Aramco, by bringing their historical understanding of long-term trends to bear on real-time market data accessible via the Bloomberg terminals. <\/p>\n\n\n\n<ul class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"2016\" height=\"1512\" src=\"https:\/\/i0.wp.com\/generic.wordpress.soton.ac.uk\/history\/wp-content\/uploads\/sites\/236\/2020\/01\/BloombergSuite-1.jpeg?fit=660%2C495&amp;ssl=1\" alt=\"\" data-id=\"478\" data-link=\"https:\/\/generic.wordpress.soton.ac.uk\/history\/?attachment_id=478\" class=\"wp-image-478\" srcset=\"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-content\/uploads\/sites\/236\/2020\/01\/BloombergSuite-1.jpeg 2016w, https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-content\/uploads\/sites\/236\/2020\/01\/BloombergSuite-1-300x225.jpeg 300w, https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-content\/uploads\/sites\/236\/2020\/01\/BloombergSuite-1-768x576.jpeg 768w, https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-content\/uploads\/sites\/236\/2020\/01\/BloombergSuite-1-1024x768.jpeg 1024w, https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-content\/uploads\/sites\/236\/2020\/01\/BloombergSuite-1-700x525.jpeg 700w\" sizes=\"auto, (max-width: 2016px) 100vw, 2016px\" \/><figcaption>History honours students explore the capabilities of Bloomberg terminals to price the Saudi ARAMCO initial public offering.<\/figcaption><\/figure><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Now, two months on, how well did these students (historians, remember!) perform? Their estimates ranged from a low of $1 trillion to $2 trillion, Mohammed Bin Salman\u2019s target. Although the $2 trillion target was hit in the days after 1.5% of the firm was floated on Riyadh\u2019s Tadawul exchange, subsequent events in the Gulf have seen them slide. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Those seeking financial advice could do worse than consult one of the student teams, \u201cLeamen Brothers\u201d, whose $1.8 trillion figure is beginning to look rather sensible. Our students\u2019 advice is likely to come with a far, far smaller price tag than the raft of investment banks MBS hired to perform the same task.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>History at the Stock Market by Dr Jon Conlin Back on 15 November a group of students studying the history of Middle East oil visited the university\u2019s Bloomberg Suite, normally the haunt of economics students. Their task: to price the IPO of the decade, Saudi Aramco, by bringing their historical understanding of long-term trends to bear on real-time market data &#8230;<\/p>\n","protected":false},"author":3768,"featured_media":477,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[95,63,93,94],"class_list":["post-476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-undergraduate","tag-bloomberg","tag-oil","tag-saudi-arabia","tag-saudi-aramco","column","threecol","has-thumbnail"],"_links":{"self":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/posts\/476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/users\/3768"}],"replies":[{"embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/comments?post=476"}],"version-history":[{"count":3,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/posts\/476\/revisions"}],"predecessor-version":[{"id":524,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/posts\/476\/revisions\/524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/media\/477"}],"wp:attachment":[{"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/media?parent=476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/categories?post=476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/generic.wordpress.soton.ac.uk\/history\/wp-json\/wp\/v2\/tags?post=476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}