Thursday, May 5, 2011

Glencore's IPO will mine 6 new billionaires

Glencore, the global commodities producer and marketer based in Switzerland, has released its long anticipated prospectus for its upcoming IPO (initial public offering) this year.

As a result of the IPO, which will value the company at roughly $60 billion, six new billionaires including CEO Ivan Glasenberg, aged 54, will be created.



Glencore

Forbes article