Global commodities trader Glencore International will close its books for an $11 billion initial public offering (IPO) on May 17, a day ahead of its original schedule.
In the term sheet, no reason was given for theearly close. However, such a move usually suggests strong demand for an offering. Last Thursday, Glencore's CEO Ivan Glasenberg said demand for commodities remained strong, despite the volatility in the sector in recent weeks, which he said was due more to speculation than fundamentals.
Glencore will list in both London and Hong Kong, with the former set to be London's largest ever.
The wild price swings in commodities have raised concerns about whether the IPO will do well.
We want to know whether you think Glencore is coming to market at the right time.
Have your say.