Reuters Insider: Glencore IPO hits top of commodities cycle
By Chris ClairGlencore’s $12.1 billion initial public offering comes as commodities prices are set for a sustained correction, says Commodities Broking Services’ Jonathan Barratt. For that reason, the IPO may be coming a bit too late.
May 4th, 2011 at 7:50 am
[...] committment of $ 850M. However, one commodities broker says Glencore’s listing may be coming too late, as commodities prices are set for a sustained correction. Ahead of the IPO, Glencore yesterday [...]