When such a large scale IPO hits the market, there are some concerns as whether this is a sign of the commodity cycle peaking. The Glencore IPO is the largest since General Motors sold shares in November, and will give Glencore a value of $61 billion if priced at the midpoint of its offer range.
There are signs of market over-heating with the IPO demand having been enough to sell the shares on offer in Glencore more than twice over……………………………………….Full Article: Source