Will The Aramco IPO Spark A Crisis In Saudi Arabia?

Aramco will issue the prospectus for its initial public offering before this month’s end, the Wall Street Journal reported, citing people familiar with the preparations for the biggest IPO in history. The Arabic version of the document that will promote the Saudi state energy giant among investors will come out on October 25, with the English version to follow two days later, on the 27th. Next month, book-building will begin to test the waters for actual investor interest. Based on this, the company will either proceed with the listing—initially…