Glencore IPO

Glencore ends flat on first day of trading

Commodities trader and mining company Glencore prices its offering at £5.30 per share to raise $10 billion in the largest IPO globally this year.

Anette Jönsson

May 20, 2011

Glencore’s £6.19 billion ($10 billion) initial public offering got off to a tepid debut in London yesterday. The world’s biggest IPO so far this year finished its first day of conditional trading flat after gaining 5.5% at one point in the afternoon.

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