TITLE

MININGS MOMENT

AUTHOR(S)
VARDI, NATHAN
PUB. DATE
June 2011
SOURCE
Forbes Asia;Jun2011, Vol. 7 Issue 7, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the initial public offering (IPO) of Glencore International AG presented in May 2011. It is mentioned that the IPO gained 11 billion dollars and gained 50th rank in the Forbes Global 2000 ranking. The author states that Wall Street in the U.S. feel threatened from Glencore as it seems to be unregulated financial firm with much higher profit ratios. Also, it is speculated that Glencore will use its publicly traded shares and cash money for the acquisition of mining industries.
ACCESSION #
61349431

 

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