Glencore likely to launch IPO within next three years

摘要

Glencore International is likely to launch an initial public offering (IPO) within the next three years, MB understands. The Swiss trading house has been indicatingforseveral months that itwill lookto list, with speculation mounting after it issued 2 billion dollars in convertible bonds to equity investors in December. The bond issue was part of the trading house's "overall strategy of moving towards the public equity markets", Glencore reiterated on March 10, as it announced its 2009 results.