Commodities group Glencore 'eyes mega London listing

Commodities group Glencore 'eyes mega London listing ; Global commodities giant Glencore is preparing to float on the London Stock Exchange in an effort to raise about 6.4 billion pounds for the Swiss-based group, a report said on Sunday.

The trading and mining group, which has benefited from recent record high gold prices, has lined up investment banks Credit Suisse, Citigroup and Morgan Stanley for a stock market debut as early as April, The Sunday Times said.

The weekly added that Glencore plans to sell only about one-fifth of its shares, while a listing would place the company among the 20 top biggest firms on London's FTSE 100 index, with a total value of about 32 billion pounds.

Glencore plans a secondary listing in Hong Kong, the paper said, without citing its sources, while London would see one of its biggest-ever flotations.

According to research firm Dealogic, London's largest initial public offering (IPO) to date was in 2006 when Russian oil group Rosneft raised 6.7 billion pounds. For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

stock

• Best Vanguard High Dividend Yield 2012
• stock market crash august 8 2011, good trading opportunities
• Stock Market Report Week July 30 2011
• stock market prediction august 2011
• Mexico Stocks Preview july 25 2011
• top risers in the FTSE 100 July 25 2011
• best Stocks to buy july 25 2011
• stock market prediction for week 25 july 2011
• Stocks active trade on Friday july 22 2011, Microsoft, Advanced Micro Devices, Caterpillar, General Electric, Schlumberger, Verizon Communications, Mc
• NASDAQ ARUN stock prices prediction
• ETFs Stock To Watch July 21, 2011
• Top Stocks Pick Trading Ideas july 21 2011
• NASDAQ Stock Market Movers July 21 2011, DTLK, MLNX, HOGS, TRMS, ALTH, FWRD, STX, MKSI, FFIV, TSCO, CAKE, QCOM
• Best stock to Buy July 20 2011, PowerShares , Apple Inc, iShares Russell 2000 Index,
• Best stock to buy july 19 2011, Stocks to Watch
• companies are having unusual price changes in Bogota trading july 18 2011
• best-performing stocks week july 18 2011
• EV Energy Partners Stock prices rose july 18 2011
• Best-Performing Canadian Stocks July 16, 2011
• Ultra Electronics stock predictions
• Best consumer stock picks 2011
• Best-Performing IT Services Stocks week July 16 2011
• Wall Street Stock market Forecast For Week Of July 18 2011
• Zillow price range for IPO per share july 18 2011
• Freeport McMoRan Copper and Gold Inc stock prices analysts