Daily Investment Tips

Glencore IPO price was announced on wednesday. Glencore set a price range of 480p to 580p a share for its initial public offering (IPO). With the midpoint valuing the company at £36.5bn. That is according to Telegraph of UK.

The final pricing of the offer is expected to be announced on or around May 19, with unconditional dealings in London on May 24 and Hong Kong on May 25.

written by Constantine Njeru \\ tags: 480p, Glencore, Hong Kong, Initial Public Offering, Initial Public Offering Ipo, Ipo Price Range, London, May 24, Midpoint, Telegraph

Glencore, the world’s largest commodities trading company, is finalising plans for initial public offering in Hong Kong and London.

Glencore IPO price and Value

Glencore hopes to sell 20% stake for between $10 – $12 billion. Which will value the company at $50 – $60 billion. If this is correct, the company has doubled in value in the last two years. The convertible bond issue in December 2009 valued the company at $35bn.

Glencore IPO date

According to a Reuters wire, Shares of global commodities trader Glencore International AG GLEN.UL are set to start trading in London on May 24 and in Hong Kong on May 25

written by Constantine Njeru \\ tags: Bond Issue, Commodities Trader, Commodities Trading Company, Convertible Bond, Glencore, Global Commodities, Hong Kong, Initial Public Offering, International Ag, Ipo Price, London, May 24, Reuters Wire, Stake, Ul