Fever builds for Glencore’s London/HK IPO
Excitement mounted this week over the forthcoming IPO of commodities trading company Glencore, which at up to $10bn is expected to be one of the largest floats of the year and could value the company at a staggering $60bn.
Credit Suisse has been appointed global coordinator for the deal, with Citigroup and Morgan Stanley as bookrunners. Macquarie is also thought to have been given a role to help tap the strong Australian commodity investor base.
A London-based banker involved in the deal said the parameters of the issue
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