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Commodities trading giant Glencore has set the price for its forthcoming intitial public offering on the London market at 480 pence to 580 pence per share.

Trading powerhouse Glencore set for $60 billion IPO

May 5, 2011 ◇ Thomas Mucha/GlobalPost

You might not have heard of them, but commodities broker is worth billions. The giant firm works across key parts of the global economy — from oil, gold, copper and coal, to wheat, corn, rice and more. Read more»

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Valued at $60 billion, Switzerland-based Glencore is being scrutinized by investors and regulators as it moves forward with plans to gain listing on the U.S. Stock Exchange.

The most powerful company you've never heard of

May 1, 2011 ◇ David Case/GlobalPost

With $145 billion in 2010 revenues, trading powerhouse Glencore buys and sells much of the staples that end up on the world’s dinner tables and now has its eye on going public. How did it avoid scrutiny for so long? Read more»


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