How Big Could Glencore IPO Be?

Kate Kelly of CNBC is saying that Glencore, the Swiss commodity giant, could raise anywhere between $7 and $15 billion in an initial public offering on the London Stock Exchange soon, which would value the company anywhere between $50-$80 billion. Glencore is seen as the Goldman Sachs and Blackstone of the commodity world, which some are suggesting may mark a top in the commodities market. The Swiss-based company reported net income rose 40% in 2010, due to metals, minerals, oil, liquids and agricultural commodities.