Glencore gets $US61B price tag

THE world’s largest diversified commodities trader Glencore International believes its initial public offering could value the company at $US61 billion ($A55.8 billion).

Glencore gets $US61B price tag Glencore gets $US61B price tag Glencore gets $US61B price tag Glencore gets $US61B price tag Glencore gets $US61B price tag

In its IPO, the Swiss-based trader has set a price range of 4.80 to 5.80 per share for the London initial public offering of 15-20% of its shares, which is expected to generate $US10 billion.

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