Wednesday 6 April 2011

Glencore Said to Study Starting IPO Next Week; Investments Jump

Glencore - one of the world's largest commodity trading firms plans to IPO this year and raise abt $10 billion.

http://www.businessweek.com/news/2011-04-04/glencore-said-to-study-starting-ipo-next-week-investments-jump.html

In line with the IPO indicator - cmdty mkts near all time highs bring Glencore on the IPO block.

Let us see if this is like the VISA , Blackstone IPO like in 2007 that was done near the top of the market.


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