Practical Glencore cuts short — Launch-heavy week ahead — Petroceltic prices placing
The $10bn Glencore IPO is heading into its final few days with the joint bookrunners preparing for an epic pricing and allocation process. Books will close a day early, at 4pm on Tuesday (May 17), giving the managers more than 36 hours before the stock is due to start trading on Thursday May 19.
The deal stood multiple times covered throughout the range on Friday morning and with a long list of orders the decision to cut short book building by a day was taken for practical reasons, rather than because of worries about market volatility, EuroWeek understands.
The week is widely expected
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