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Commodities Briefing - Categorized | Listings/IPO/Stock Market, Market Moves more

Commodities IPOs face uncertain market

Posted on 26 May 2011

Resourcehouse Ltd., the Australian coal and iron ore miner that is currently raising up to US$3.6 billion in its fourth attempt at an initial public offering in Hong Kong, is delaying its listing in the city by a day, a person familiar with the situation said Wednesday.
It wasn’t immediately clear why the timetable for the sale was extended. But the decision comes as shares in commodities giant Glencore International PLC closed 2.5% lower on their Hong Kong debut, after trading almost 1% from the IPO price in London on Tuesday……………………………………….Full Article: Source

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