Glencore International is planning a dual listing of its shares in Hong Kong and London, The Wall Street Journal reports. The Swiss commodities trader is seeking to raise between $7 billion and $10 billion from the sale.
The Baar-based company plans to raise around $2-2.5 billion in Hong Kong as part of the public offering, adds Bloomberg. Citigroup, Credit Suisse and Morgan Stanley have been appointed to manage the IPO.
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