Glencore to float on
commodities trader Glencore is expected to press ahead with the launch of its record £37bn flotation today despite a growing number of listings being axed.
Its IPO – hailed by bankers as the deal of the year – comes after a flurry of 11th hour decisions to axe flotations, such as Skrill.
Glencore trades a wide range of commodities, including oil, coal, gold and foodstuffs.