05.05.2011 - Glencore prices IPO at $61 bln as big sovereign funds line up
As noted earlier, sovereign wealth funds as well and the worldís biggest asset manager, BlackRock Inc., are lining up to buy shares in Glencore International as it moves closer to what some believe will be Londonís biggest IPO. Today, the Swiss commodities giant priced its IPO at around $61 billion and confirmed it has struck a deal that will subscribe some 31% of the total offer. In return, BlackRock and others will promise not to unload shares for at least six months..............................................Full Article: Source
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