Glencore worth clearer ahead of float

摘要

Global commodities trader Glencore is already worth as much as $US69 billion ahead of its proposed May listing, with its earnings set to double in two years, according to research from two banks underwriting the commodity trader's potentially record-breaking listing. Glencore's banks are distributing research to potential investors to help convince them to back the previously insular trader as it seeks to raise as much as $US12.1 billion on the London and Hong Kong stock exchanges.