Glencore mulling jumbo IPO
Tuesday, 1 March 2011
LONDON, Feb 28 (Reuters): Glencore, the world's largest commodities trader, is considering a flotation that could be one of the biggest listings ever seen in London, a source familiar with the situation said.
If it goes ahead, an initial public offering of Glencore could value the company at as much as $60 billion, according to Liberum Capital estimates.
"While no final decision has been taken, an IPO (initial public offering) remains one of the options," the source told the reporter Monday.