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Old 11.04.2011, 21:26
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Glencore - IPO

Hi,
I've been reading about Glencore's IPO - Any body got an opinion on Glencore?
Thanks
Chester
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Old 11.04.2011, 21:28
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Re: Glencore - IPO

March 17 (Bloomberg) -- Glencore International AG, the largest commodities trader, lost $3.8 billion in the value of its listed mining holdings over the past month as stocks fell, threatening plans for a share sale as its valuation slides.

The value of Glencore’s 10 largest holdings, including a 34 percent stake in Xstrata Plc, slumped 12 percent from Feb. 14 to $28.2 billion yesterday, exceeding the 6.3 percent drop in the MSCI World Index in the period. Stocks fell this week on concern a nuclear accident outside Tokyo may harm the global economy.
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